New York Stock Futures Slightly Up... Caution Over Omicron Impact

[Image source=Reuters Yonhap News]

[Asia Economy New York=Correspondent Baek Jong-min] U.S. New York stock futures are showing an upward trend. Attention is focused on whether a rebound in regular trading will occur after a 2% drop on the 26th due to the Omicron COVID-19 variant shock.

As of 6:15 PM local time on the 28th, Dow Jones Industrial Average futures are up 0.16%, S&P 500 futures are up 0.4%, and Nasdaq futures are up 0.4% respectively.

The major indices of the New York stock market plunged sharply on the 26th while digesting the Omicron shock amid a sharp drop in trading volume during shortened trading hours for the Thanksgiving holiday. The Dow fell 2.5%, the S&P 500 fell 2.3%, and the Nasdaq fell 2.2% at the close.

CNBC reported that the market is showing a wait-and-see stance as it focuses on the impact of Omicron.

Keith Lerner, Chief Investment Officer at Truist Advisory Services, expressed concern, saying, "The COVID-19 variant is one of the biggest risks to the market. It is highly likely that volatility caused by this will continue next year."

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