U.S. stock futures were down ahead of Tuesday’s opening bell as traders began assessing the potential impact of the new COVID strain, Omicron.
Moderna CEO’s Stephane Bancel stated that the company’s vaccine effectiveness would see a “material drop” against the new Omicron strain.
Keep in mind, that Bancel’s comments come on the heels of Moderna’s Chief Medical Officer claimed that the company would be able to deliver a new vaccine by early 2022.
| Level | Chg. | Chg. % | |
| DOW Futures | 34,716.00 | -374 | -1.07% |
| S&P 500 Futures | 4,611.25 | -40.25 | -0.87% |
| Nasdaq Futures | 16,311.00 | -78.25 | -0.48% |
U.S. Dollar and Treasuries
The yield on the 10-year Treasury fell five basis points. The dollar weakened against a basket of major currencies.
| Price | Chg. | Chg. % | |
| U.S. Dollar Index (DXY): | 95.73 | -0.61 | -0.63% |
| Yield | Change | Previous close | |
| U.S. 1 Year Treasury Bill | 0.185% | 0.005 | 0.180% |
| U.S. 5 Year Treasury Note | 1.105% | -0.048 | 1.153% |
| U.S. 10 Year Treasury Note | 1.449% | -0.051 | 1.500% |
Stocks To Watch
Shares of Moderna dropped after the CEO’s remarks on the efficacy of the vaccine went public. The stock was down 2% after rising 11.80% on Monday.
Its competitor Pfizer, on the other hand, rose in premarket trading. Shares of the drug company rose after dropping almost 3% on Monday.
Travel stocks fell with the market today, as renewed pandemic travel restrictions loom. Cruise operator Carnival Corp lost almost 3% in premarket trading. Norwegian Cruise Line dropped as well, as did American Airlines.
Stocks To Watch
| Symbol | Company Name | Price | Chg. % | Volume |
| PFE | Pfizer Inc. | $53.07 | 1.28% | 717.29K |
| CCL | Carnival Corp. | $17.66 | -2.75% | 714.13K |
| AAL | American Airlines Group Inc. | $17.37 | -2.09% | 642.13K |
| MRNA | Moderna Inc. | $359.01 | -2.58% | 599.36K |
| NCLH | Norwegian Cruise Line Holdings Ltd. | $19.60 | -3.07% | 375.8K |
Commodities To Watch
Oil dropped with travel stocks due to pandemic fears. Gold strengthened in premarket trading.
| Resource | Price | Chg. % |
| WTI Crude Oil | $67.87 | -2.97% |
| Brent Crude Oil | $70.90 | -3.17% |
| Natural Gas | $4.53 | -6.67% |
| Gold | $1,791.00 | 0.49% |
| Silver | $22.78 | -0.11% |
| Copper | $4.31 | -0.67% |
Crypto
Crypto markets were stable despite stocks tumbling. The global crypto market cap is $2.65T, a 3.62% increase over the last day.
| Currency | Symbol | Price | Chg. % | Market Cap. |
| Bitcoin | BTC | $58,055.12 | +1.85% | 1.10t |
| Etherium | ETH | $4,598.95 | +6.70% | 543.46b |
| Binance coin | BNB | $623.80 | +1.09% | 93.78b |
| Solana | SOL | $214.95 | +5.15% | 65.38b |
| Cardano | ADA | $ 1.60 | +1.58% | 49.85b |
