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Travel-related stocks, typically sensitive to news around the
coronavirus, slid after U.S. airlines called off many flights
for a third day on Sunday as surging COVID-19 cases forced
Christmas weekend travelers to change plans.
Delta Air Lines United Airlines, American Airlines and Southwest
Airlines dropped between 1.5% and 2.8% premarket. Cruise
operators Norwegian Cruise Line Holdings, Royal Caribbean and
Carnival Corp fell 2%-2.8%.
The S&P 500 closed at a record high on Thursday, as upbeat news
related to the Omicron coronavirus variant calmed investor
nerves over the highly infection strain's economic impact after
it upended markets earlier this month.
Wall Street's three main indexes are eyeing a third straight
yearly gain, with the benchmark S&P 500 on track to close out
the year 25.8% higher. The Dow is set to rise 17.5%, while the
Nasdaq is looking at a 21.4% climb.
At 6:12 a.m. ET, Dow e-minis were up 25 points, or 0.07% and S&P
500 e-minis were up 9 points, or 0.19%.
Nasdaq 100 e-minis were up 42.5 points, or 0.26% as megacap
companies Tesla Inc and Microsoft Corp and Meta Platform firmed
between 0.5% and 1%.
Looking ahead, thinner-than-usual trading volumes ahead of New
Year could make markets susceptible to volatile moves.
(Reporting by Medha Singh in Bengaluru; editing by Uttaresh.V)
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