Seeking Alpha 2021-11-28 23:55:35

U.S. stock futures, crude oil rise as investors watch for Omicron's effects

Futures for the three major U.S. stock averages rise as investors consider the potential effects of the Omicron variant of the COVID-19 virus. Two South African health experts, including the doctor who first warned about Omicron, said the variant is showing mild symptoms so far. Meanwhile, the World Health Organization said it will take time to assess how dangerous it is. On Sunday evening, S&P 500 futures gain 0.7%, and Dow and Nasdaq futures both drift up 0.6%. Crude oil rises 3.2% to $70.33 per barrel, gold slips 0.1% to $1,783.30 per ounce, while silver gains 0.1% to $23.17 per ounce. On Friday, the stock markets ended the holiday-shortened week with the biggest dip since October 2020. The Nasdaq dropped 2.2%, the S&P 500 off 2.3%, and the Dow fell 2.5% as news of the new COVID variant led several countries to impose new travel restrictions from South Africa and its neighboring countries. The 10-year Treasury yield

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.
Helpful Resources: AWDSportsCars.com | GardenGay.com | MoviesNTVSeries.com | MuzicFanatic.com