US stocks will be mixed early in first session after the holidays with little news to pull markets
Futures for the Dow Jones Industrial Average were flat, contracts for the tech-focused Nasdaq-100 edged up, although those for the broad S&P 500 rose 0.2%
US stocks appeared to be mixed at the start of the first session after the holidays with little news to boost markets and traders are expected to post profits after a strong three-day rally that took place before Christmas.
Futures for the Dow Jones Industrial Average were flat, contracts for the technology-focused Nasdaq-100 edged up, although those for the broad S&P 500 rose 0.2% on Monday.
US markets were closed on Friday Christmas Eve for the holidays, but on Thursday the US indices all finished higher.
Investors brace for higher volatility and lower volumes in the final week of trading of 2021, as concerns over the rapid spread of the Omicron variant of the coronavirus (COVID-19) and the economic impact of the restrictions. to stem the tide are mitigated by vaccines and the deployment of booster shots.
Naeem Aslam, Chief Market Analyst at Avatrade.com, commented: “The attention of investors and traders continues to focus on three important factors. Omicron Covid infection rate – it’s increasing in recent weeks, and finally the hawkish monetary policy stance among central bankers.
“The biggest fear is that before the New Year, a time when big holidays take place, governments could announce strict measures – to prevent the spread of the Covid variant – which can lead to a total lockdown. They don’t take these steps, it’s pretty much obvious that we’ll likely see the Covid infection rate skyrocket after the New Years because people won’t pay attention to Omicron. ”
“The point is, no one wants to see another total foreclosure because they have a negative influence on the economy. The world is still suffering from bottleneck shortages due to the Covid restrictions introduced last year,” Aslam concluded .
On the business side, airline shares were weak in pre-market trading as flight cancellations marred Christmas weekend for many travelers as COVID-19 cases left carriers short-staffed for operate busy vacation schedules.