Wall Street has been affected by Omicron.
John Moore is a photographer.
US stock futures rose Tuesday, pointing to a comeback from a three-day losing streak for equities, with uncertainty about the Omicron variant driving volatility in the market.
In European trading, the S&P 500 futures were up 0.63%, the Dow Jones futures were up 0.61%, and the Nasdaq 100 futures were up 0.75%. European indices rose in early trading.
The Omicron coronaviruses variant's rapid spread has driven some big swings in global stocks, as investors wait for more information about its likely impact on government policy.
The S&P 500 fell for three straight sessions from Thursday to Monday as the variant sped across the US and European governments imposed new restrictions. US Sen. Joe Manchin's move to kill the "Build Back Better" spending plan worried investors.
The vaccine booster shots appear to be broadly effective at preventing serious illness, and investors have found some cause for hope. Moderna said that a booster produced a strong response. Biden is expected to announce measures to fight the Omicron threat.
The president spoke to Manchin, who is a crucial vote in the Senate, and hopes that a compromise could be reached.
China's CSI 300 closed higher, with markets cheering Beijing's moves to support the property market. Tokyo's Nikkei 225 rose 2%.
In Europe, the Stoxx 600 rose 0.80% in the early going Tuesday, while the UK's FTSE 100 was up 0.88%.
"Asian stocks and US equity futures rose overnight, with Omicron and vaccine news key sources of input to markets where liquidity is becoming scarce ahead of the holidays," John Hardy, a strategist at Saxo Bank, said.
President Biden may be able to revive his spending plan.
The yield on the 10-year US Treasury note, which moves in the opposite direction to the price, rose half a basis point to 1.424% as demand for safe-haven assets cooled.
Oil prices were not affected by the economic impact of the virus, with Omicron remaining at the back of investors' minds.
The price of crude was down slightly to $71.52 a barrel, well below the highs of October. The price of crude was 0.29% higher.
Jeffrey Halley, senior market analyst at trading platform Oanda, said in a note that sentiment remains fragile.
Christmas Day falls on Saturday, so US stock markets will be closed.
The Turkish lira plummeted after the government said it would introduce measures to limit the effect of the currency's devaluation. It went from 18 lira per US dollar to 11 per dollar in a matter of weeks.
Business Insider has an original article.
