Stock futures point to a bounce on hopes the world can fight off omicron

Stock futures point to a bounce on hopes the world can fight off omicron

U.S. stock futures were pointed to a rebound for Wall Street on Tuesday, on the heels of a sharp selloff, with investors driven by hopes hopes countries have enough in their arsenal to fight rising COVID cases.

The administration of President Joe Biden was expected to lay out a battle plan on Tuesday.

How are stock-index futures trading?

On Monday, the S&P 500 SPX, -1.14% fell 1.1% to 4,568.02, the largest one-day point and percentage decline since Dec. 1, based on Dow Jones Market Data. The Dow Jones Industrial Average DJIA, -1.23%  closed 433.28 points, or 1.2%, lower at 34,932.16, its weakest since Dec. 3….

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