Wall Street Set to Rebound After Sharp Selloff as Nike, Micron Lead Gains

Wall Street Set to Rebound After Sharp Selloff as Nike, Micron Lead Gains
A trader in a face mask works on the trading floor at the New York Stock Exchange (NYSE) as the Omicron coronavirus variant continues to spread in Manhattan, New York City, on Dec. 20, 2021. Andrew Kelly/Reuters
Reuters
Updated:

Wall Street’s main indexes were set to rise on Tuesday, following a steep selloff in the previous session, as strong quarterly earnings from Nike and a positive forecast from chipmaker Micron helped lift sentiment.

A rapidly spreading Omicron variant of the coronavirus has rattled stock markets around the world, triggering major routs in the final month of the year due to worries about the strain’s impact on global economic recovery.