The stock market looked set for another day of strong gains, as S&P 500 futures and oil prices rose on hopes that Omicron would prove less damaging to the economy than feared.
Futures for the S&P 500 gained 1.3% Tuesday. The index jumped Monday, recouping nearly all its losses for last week. Contracts for the tech-focused Nasdaq-100 jumped 1.8% Tuesday, and futures for the Dow Jones Industrial Average rose 1%.