Stock futures are flat following Dow’s 500-point rebound

Stock futures are flat following Dow’s 500-point rebound

Stock futures opened flat on Tuesday night after the major averages rebounded from a three-day losing streak spurred by fears about the omicron Covid variant. Dow Jones Industrial Average futures fell 0.03%. S&P 500 futures inched 0.06% lower and Nasdaq 100 futures slipped 0.1%. All three of the major averages rallied in regular trading, pushing their weekly gains into the green. The Dow added 560 points, or 1.6%. The S&P 500 rose 1.8% and the Nasdaq Composite gained 2.4%. Travel-related stocks were in relief rally mode as investors put Covid-related fears aside and bought the dip. Delta Air Lines rose 5.9%, United Airlines gained 6.9% and Carnival added 8.7%. "Some of the best performing stocks are 're-opening' stocks, also indicating that investors are still willing to look through the headwinds from the rise in virus cases," Goldman Sachs' Jeff Currie said in a note Tuesday. "The reaction to the virus perhaps signifies an acceptance (at least for now) of the 'new normal' … in which investors may be determining that Covid waves are becoming a regular thing – seasonal like the flu perhaps." President Joe Biden in a press conference Tuesday urged Americans to get their booster shots, saying those