U.S. stocks gained momentum on Tuesday for the second straight session as fears continue to fade over the omicron variant. 

Ticker	Security	Last	Change	Change %
I:DJI	DOW JONES AVERAGES	35726.13	+499.10	+1.42%
SP500	S&P 500	4685.14	+93.47	+2.04%
I:COMP	NASDAQ COMPOSITE INDEX	15681.712133	+456.56	+3.00%

The Dow Jones Industrial Average rose over 500 points or 1.5%, while the S&P 500 and Nasdaq Composite gained 2% and 2.9%, respectively. 

Apple helping support large-cap tech as it crossed a new all-time high. 

Ticker	Security	Last	Change	Change %
AAPL	APPLE, INC.	171.09	+5.78	+3.49%

Ticker	Security	Last	Change	Change %
USO	UNITED STATES OIL FUND L.P.	52.39	+1.88	+3.72%
BNO	UNITED STS BRENT OIL FD LP UNIT	20.38	+0.67	+3.40%

Investors will also monitor a phone call between President Biden and Russian President Vladimir Putin in which the two are expected to discuss the global oil supply and Russia’s aggressiveness with Ukraine.  Oil rose to the $72 per barrel level on pace for the biggest two-gain in 13 months. 

Ticker	Security	Last	Change	Change %
INTC	INTEL CORP.	53.19	+2.20	+4.32%

In stocks, Intel jumped after announcing it will take its self-driving arm Mobileye public in a deal valuing the company around $50 billion. 

In other auto news, Stellantis announced a strategy Tuesday to embed AI-enabled software in 34 million vehicles across its 14 brands. 

Ticker	Security	Last	Change	Change %
STLA	STELLANTIS NV	18.93	+0.51	+2.74%

CEO Carlos Tavares heralded the move as part of a strategy that would transform the car company into a “sustainable mobility tech company,” with business growth coming from features and services tied to the internet. That includes using voice commands to activate navigation, make payments and order products online.

AMERICAN AIRLINES CEO DOUG PARKER TO RETIRE

Ticker	Security	Last	Change	Change %
AAL	AMERICAN AIRLINES GROUP, INC.	18.14	+0.21	+1.17%
DAL	DELTA AIR LINES, INC.	38.47	+0.33	+0.85%
JBLU	JETBLUE AIRWAYS CORP.	14.32	+0.06	+0.39%
UAL	UNITED AIRLINES HOLDINGS, INC.	44.14	+0.15	+0.34%

In the C-Suite, American Airlines CEO Doug Parker announced he will retire in March of 2022 and will be replaced by President Robert Isom. U.S. carriers continued to rebound as fears over future lock downs appear less likely. 

Ticker	Security	Last	Change	Change %
DWAC	DIGITAL WORLD ACQUISITION CORP.	49.91	+6.10	+13.92%
TWTR	TWITTER, INC.	45.51	+1.06	+2.38%
NFLX	NETFLIX, INC.	620.69	+8.00	+1.31%

Regulators are looking into Donald Trump’s new social media company, Digital World Acquisition Corp.. The company partnering with Trump Media & Technology Group acknowledged the inquiries in a filing it made with regulators on Monday. It also gave some financial forecasts for the company, which wants to rival Twitter and other platforms that banned Trump after the Jan. 6 Capitol riots, along with Netflix and other streaming video services. It said over the weekend that it’s lined up $1 billion in investments from a group of unnamed institutional investors.

Separately, Trump Media announced that Rep. Devin Nunes, a Republican from California, will leave Congress to become the company’s chief executive in January.

AutoZone rose after reporting U.S. same-store sales rose 13.6% as first-quarter revenue hit $3.7 billion an increase of over 16%. 

Ticker	Security	Last	Change	Change %
AZO	AUTOZONE, INC.	2,014.49	+136.62	+7.28%

In cryptocurrencies, Bitcoin extended its recovery trading back above the $50,000 level.

Global equity markets were higher in Europe after a solid session Asia. The Shanghai Composite Index rose 0.2% to 3,595.09 after November imports surged 31.7% over a year earlier in a sign domestic demand might be strengthening.

The Nikkei 225 in Tokyo gained 1.9% to 28,455.60 and Hong Kong’s Hang Seng added 2.6% to 23,983.66.

The Associated Press contributed to this report.