Stock futures jumped early morning Tuesday after a rebound from a rollercoaster week as investors grew less fearful of the potential impact from the new omicron coronavirus variant.
Futures on the Dow Jones Industrial Average rose 358 points, or 1%. S&P 500 futures rose 1.3% and Nasdaq 100 futures were up 1.7%.
Chipmaker stocks were the early winners, with Intel leaping 8.4% and NVIDIA up 3.7%, following news that Intel was planning to take its self-driving car unit, Mobileye, public in mid-2022.
Casino stocks also were hot, as Las Vegas Sands rose 3.4%, while cruise lines also gained on the enthusiasm that omicron may pose less of a threat than feared. Carnival and Norwegian Cruise Line Holdings jumped about 3.5% each.
