U.S. stock index futures were little changed during overnight trading on Monday.
U.S. stock index futures were little changed during overnight trading on Monday after the major averages started the week in the red as Covid omicron fears hit sentiment. Futures contracts tied to the Dow Jones Industrial Average gained 45 points. S&P 500 futures were up 0.11%, while Nasdaq 100 futures were 0.08% higher. During regular trading, the Dow slid 0.89%, or 320 points, while the S&P 500 dipped 0.9%. The Nasdaq Composite fell 1.39% as investors rotated out of technology stocks with high valuations. Shares of airlines and cruise line operators declined amid fears that the omicron variant could slow travel. While equities fell broadly on Monday, growth areas of the market underperformed. The iShares Russell 1000 Growth ETF dipped 1.22%, while the iShares Russell 1,000 Value ETF declined 0.45%. The market will get fresh inflation data Tuesday when November’s producer price index number is reported.
