Opening Bell: US Futures, European Stocks Bounce On Positive Omicron Headlines – Investing.com

Opening Bell: US Futures, European Stocks Bounce On Positive Omicron Headlines – Investing.com

On Monday, US benchmark futures for the , , and , along with shares in Europe all rebounded on positive Omicron reports indicating the COVID variant might be less dangerous than previously thought.

Early data out of South Africa, where the strain was first isolated, shows that the mutation is milder than expected and is not leading to increased hospitalization. America's top epidemiologist, Anthony Fauci, said that initial reports about the variant are encouraging, as there didn't seem to be "a great degree of severity to Omicron" though he called for more research.

The dollar has edged higher and oil continues to rise.