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Facebook Inc, Microsoft Corp,, Nvidia Corp, Amazon.com,
Google-owner Alphabet Inc, Advanced Micro Devices Inc and Tesla
Inc gained between 0.1% and 0.8% in premarket trading, a day
after the Nasdaq Composite index hit an all-time closing high.
The three major U.S. stock indexes ended the session sharply
higher on Monday, with the benchmark S&P 500 hitting an
intra-day record peak, driven by a jump in energy and industrial
shares after U.S. regulators gave the first full approval for a
COVID-19 vaccine.
The momentum extended on Tuesday with oil majors Chevron Corp
and ExxonMobil Corp adding 0.8% and 0.9%, respectively, with
shares of major Wall Street banks also edging higher.
Cruiseliners,,, rose about 1.1%, while casino operators MGM
Resorts, Wynn Resorts and online travel agency TripAdvisor added
between 1.2% and 2.2% on hopes that increased vaccination rates
in the United States would spark a stronger rebound in travel
and leisure activities.
At 7:08 a.m. ET, Dow e-minis were up 54 points, or 0.15%, S&P
500 e-minis were up 8.5 points, or 0.19%, and Nasdaq 100 e-minis
were up 46 points, or 0.3%.
A surge in COVID-19 infections caused by the highly contagious
Delta variant has whipsawed Wall Street this month on concerns
about a slowing economic recovery from the health crisis.
Still, a strong earnings season and hopes that the Federal
Reserve will maintain its ultra-loose monetary policy stance put
the S&P 500 on course for its seventh straight monthly gain,
with a 1.9% rise so far in August.
The Fed's annual Jackson Hole symposium later this week will be
closely watched for chair Jerome Powell's speech, which could
offer clues on the central bank's policy-tightening timeline.
(Reporting by Devik Jain in Bengaluru; Editing by Anil D'Silva)
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