Boeing helps futures rise from Omicron low

Futures tracking the Dow and the S&P 500 rose on Thursday, led by gains in planemaker Boeing and travel stocks.

Boeing gained 4.5% in premarket trading after China’s aviation authority issued an airworthiness directive on the 737 MAX plane.

At 7:21 a.m. ET, Dow e-minis were up 218 points, or 0.64%, S&P 500 e-minis were up 15 points, or 0.33%, and Nasdaq 100 e-minis were down 15.75 points, or 0.1%.

The CBOE volatility index (.VIX), also known as Wall Street’s fear gauge, was last trading at 29.19 points, a day after hitting its highest level since February.

Among other stocks, Delta Air Lines led gains among major airlines, up 2%, while cruise operators Carnival Corp and Norwegian Cruise Line jumped more than 3% each to recoup some losses suffered in the previous session.

Apple Inc fell 2.5% and its suppliers Qualcomm, Skyworks and Qorvo slipped between 1.7% and 1.9% on a report that the iPhone maker told its parts suppliers that demand for the iPhone 13 lineup has slowed.

Oil majors Exxon Mobil and Chevron Corp rose 1.2% and 1.4%, respectively, tracking oil prices. Bank of America was the biggest gainer among its peers, up 1.1%.

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