Megacap Tech Stocks Lift Futures; Omicron Risks Linger

Megacap Tech Stocks Lift Futures; Omicron Risks Linger
A decoration hangs on a Christmas tree outside the New York Stock Exchange (NYSE) on the last day of trading before Christmas in Manhattan, New York City, on Dec. 23, 2021. Andrew Kelly/Reuters
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U.S. stock index futures inched higher on Monday, boosted by megacap companies, while hundreds of Omicron-driven flight cancelations kept investors on edge at the start of this year’s final trading week.

Travel-related stocks, typically sensitive to news around the coronavirus, slid after U.S. airlines called off many flights for a third day on Sunday as surging COVID-19 cases forced Christmas weekend travelers to change plans.