Wall Street indexes opened higher, putting stocks on course to stabilize after last week’s Omicron-variant selloff. Here’s what we’re watching in Monday’s trading:
- Vaccine makers said they were assembling teams of scientists to assess the new Omicron strain of Covid. Shares of Moderna , Pfizer and Novavax gained.
- New Covid restrictions are rattling the travel industry again, although airlines said the busy Thanksgiving weekend generally went smoothly. Southwest Airlines , Delta Air Lines and American Airlines were up in morning trading.
- Cruise lines Carnival and Royal Caribbean were also recovering from some of their big declines last week.
- Crude prices were also clawing back some of last week’s drop, and energy producers were climbing. Occidental Petroleum , Devon Energy and Diamondback Energy rose, as did oil-services company Halliburton .