Stocks

Futures on the S&P 500 strengthened 0.6% and Dow Jones Industrial Average futures gained 0.5%

U.S. stocks slid Monday, continuing last week's losses, as the rapid spread of the omicron variant continues to worry investors who fear the new surge could hamper economic growth.

Oracle's Larry Ellison says the deal will help "lower the administrative workload burdening our medical professionals, improve patient privacy and outcomes, and lower overall health care costs."

U.S. stock futures, oil prices, and bond yields fell as investors worried that a rise in Omicron Covid-19 cases would stall economic growth and add pressure to inflation.

The next two weeks will be holiday-shortened weeks with the Christmas and New Year's holidays rounding out each week.

Home sales, GDP and earnings from Nike and Micron are all on tap this week.

Boeing has completed the sale of its Commercial Airplanes headquarters campus in a suburb of Seattle.

A fire ripped through a distribution center in North Carolina for the QVC home-shopping television network early Saturday, causing extensive damage to the facility, officials said.

YouTube TV subscribers lost access to channels including ESPN and FX after YouTube's agreement to carry programming from Walt Disney Co.

Investors will round out a busy week with more volatility.

Under Eugene Lee Jr.'s leadership, revenues of Darden, the parent company of Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze and Eddie V's, increased by more than $2 billion and its market capitalization increased approximately threefold to nearly $20 billion

Oracle Corp.

A new tentative agreement between Kellogg's and its striking workers will be put to a vote on Sunday.

Investors shifted into rotation mode as the Fed-driven rally fizzled.

Former McDonald’s CEO Steve Easterbrook has returned more than $105 million in equity awards and cash to the fast-food chain as part of a misconduct settlement.

Reddit Inc.

Australia's Qantas Airways Ltd said on Thursday it has chosen Airbus SE as the preferred supplier to replace its domestic fleet, switching from Boeing Co in a major win for the European planemaker.

According to the company, the letter focuses on "the inadequacy of specific medical device quality system requirements" at its Northridge, California facility, covering areas including risk assessment, corrective and preventive action, complaint handling, device recalls, and reporting of adverse events.

Investors await the Federal Reserve's final meeting of the year.

JPMorgan Chase & Co.