Stock futures climbed in overnight trading on Monday following a rebound on Wall Street as investors reassessed risks associated with the new omicron Covid variant.
Futures on the Dow Jones Industrial Average gained 100 points. S&P 500 futures and Nasdaq 100 futures both rose 0.3%.
The overnight action came after a broad-based comeback that saw the S&P 500 jump 1.3% with all 11 sectors registering gains. Major averages rose to session highs on Monday after President Joe Biden said economic lockdowns are currently off the table and there will be no new travel restrictions. The blue-chip Dow ended the day up more than 200 points.
"We stay invested for now as a new virus strain and European COVID surge are hurting risk sentiment," Jean Boivin, head of BlackRock Investment Institute, said in a note Monday. "Any delay of the powerful restart now means more later."