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President Joe Biden's administration will extend requirements for travelers to wear masks on airplanes, trains and buses and at airports and train stations through mid-March, sources briefed on the matter told Reuters, amid concerns about a new COVID-19 variant.

The Dow and the S&P 500 were set to rise on Thursday, led by gains in planemaker Boeing and travel stocks, although increasing cases of the new Omicron coronavirus variant across the world continued to drive volatility in markets.

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

President Joe Biden will lay out his strategy to fight the Omicron and Delta COVID-19 variants over the winter on Thursday, including free and insurer-funded at-home testing and new requirements for international travelers.

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

China's aviation authority on Thursday issued an airworthiness directive on the Boeing Co 737 MAX that will help pave the way for the model's return to service in China after more than two and a half years.