US Stock Futures, Oil Rebound as Investors Buy Omicron Dip

US Stock Futures, Oil Rebound as Investors Buy Omicron Dip
Traders work on the floor of the New York Stock Exchange in New York City on Nov. 8, 2021. Brendan McDermid/Reuters
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

U.S. stock futures and crude oil prices led a market rebound on Nov. 29 following sharp selloffs in risk assets on Black Friday triggered by Omicron-related headlines, with investor mood seeming more upbeat after top financial firms over the weekend urged no portfolio adjustments in the wake of news of the COVID-19 variant.

Futures on the Dow Jones Industrial Average went up 134 points, or 0.38 percent, S&P 500 futures added 28.5 points, or 0.60 percent, and Nasdaq 100 futures rose 135.25 points, or 0.83 percent, by 5:30 a.m. New York time on Nov. 29, Tradingview data showed.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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