The S&P 500 closes at a record high Thursday as investors are buoyed by fading concerns about the spread of the omicron variant.

Stock futures advanced with Novavax, Tesla and Norwegian Cruise Lines posting gains.

Wall Street looks poised for a classic 'Santa Claus' rally Thursday, where stocks generally rise over the final five trading days over Christmas and the the first two sessions of the following year.

Early data from a late-stage trial of its developing vaccine candidate showed promise against both existing strains and the new Omicron variant, Novavax said late Wednesday.

Stock futures extend gains as Omicron concerns fade; Novavax says vaccine provides solid immune response against the new variant; Intel apologizes for statement on forced labor camps in China; Elon Musk sells more Tesla shares, says he's 'almost done' and Tencent dumps a huge stake in online retailer JD.com.

Elon Musk will soon allow Dogecoin to purchase SpaceX merchandise.

The theme park company has opened Guardians of the Galaxy: Cosmic Rewind and not everyone is happy despite the ride getting wonderful reviews.

Aurora is slashing its production capacity as it builds a runway toward positive Ebitda a year from now.

Costco took in $984 million in new membership fee in its fiscal third quarter, helping the bulk retailer top Street forecasts for topline revenues.