Futures Resume Year-End Rally in Thin Trading; Tesla Jumps

Futures Resume Year-End Rally in Thin Trading; Tesla Jumps
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, on Dec. 28, 2021. Andrew Kelly/Reuters
Reuters
Updated:

U.S. stock index futures rose on Wednesday, as heavyweight Tesla gained, while hopes that the Omicron coronavirus variant is less deadly than the previous strain calmed investors amid daily cases in the country hitting a record high.

The electric-car maker added 2.0 percent in premarket trading as CEO Elon Musk exercised all of his options expiring next year, signaling an end to his stock sales. Its shares are up 54 percent for the year after a 743 percent surge in 2020.