By Julianna
Hey, mooers! Here are things you need to know before the opening bell:
- Stock futures climbed in early morning trading Tuesday following a broad Monday sell-off amid fears about the fast-spreading Covid omicron variant.
- $Micron Technology (MU.US)$ shares surged in the extended session Monday after the memory-chip maker forecast an outlook and reported earnings that topped Wall Street estimates.
Market Snapshot
Stock futures climbed in early morning trading Tuesday following a broad Monday sell-off amid fears about the fast-spreading Covid omicron variant.
Futures on the $Dow Jones Industrial Average (.DJI.US)$ gained 214 points, $S&P 500 Index (.SPX.US)$ futures rose 30 points and $Nasdaq Composite Index (.IXIC.US)$ futures added 133.5 pionts.
Market Temperature
Read more: Market Temperature (12/21)
Top News
Stock futures stabilize amid Omicron uncertainty
U.S. stock futures inched higher, suggesting Wall Street indexes would stage a partial rebound after Omicron fears dragged crude and share prices lower.
U.S. sets 55-mile-a-gallon fuel-efficiency standard for 2026 models
The Biden administration raised fuel-efficiency standards for passenger cars and light-duty trucks, saying the new standards will reduce pollution and save consumers billions of dollars at the gas pump.
Turkey's borrowing costs soar as crisis enters new phase
The lira's dizzying fall is amplifying concerns among investors and economists that Turkey's heavily dollarized financial system could be headed for a banking crisis. The currency has lost more than half its value this year, wiping out much of Turks' savings and triggering sporadic protests.
U.S. leading economic indicators jump in November - signaling growth momentum will continue into next year
The U.S. leading economic index rose a sharp 1.1% in November, the Conference Board said Monday.
Nike's supply crunch stunts growth again
The sneaker giant $Nike (NKE.US)$'s quarterly revenue edged higher but declined in China, Asia Pacific and Latin America as factory closures cut into inventory.
P&G recalls somePantene, Aussie, Herbal Essences dry shampoos
$Procter & Gamble (PG.US)$ The voluntary recall, linked to benzene detected in aerosol propellant, also affects dry conditioners.
Micron stock rallies as strong data-center sales drive outlook, earnings
$Micron Technology (MU.US)$ shares surged in the extended session Monday after the memory-chip maker forecast an outlook and reported earnings that topped Wall Street estimates as data-center sales proved to the company's strongest growth sector.
Oracle's Larry Ellisontargets health cloud with $28.3 billion bid for cerner
The U.S. software company $Oracle (ORCL.US)$ calls Cerner an "anchor asset" for its healthcare ambitions.
Moderna says Covid-19 booster dose works against Omicron in lab tests
A booster dose of $Moderna (MRNA.US)$'s Covid-19 vaccine showed signs of working well against the Omicron variant, with the latest lab results suggesting people who are boosted may have good protection against the strain.
Novavax's Covid-19 vaccine approved by EU
$Novavax (NVAX.US)$'s vaccine has been recommended for use by the European Medicines Agency, marking the first endorsement by a major regulator of a shot that uses an established vaccine technology.
Read More
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EV stocks tumble after Manchin rejects Biden's climate and social plan
ETF industry booms as 445 debut in 2021
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Elon Musk: Web3 seems more like a 'marketing buzzword' than a reality
Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg

$Energy Focus (EFOI.US)$ In at 4.86. See if it can make 7.00 in pm.