United Airlines Holdings Inc. closed 6.67% below its 52-week high of $116.00, which the company achieved on January 22nd.
Delta, United, American and Southwest generated about $8 billion in profit on $200 billion in revenue last year, but the airlines all lost money flying passengers.
Dow Jones futures rose slightly overnight, along with S&P 500 futures and Nasdaq futures. Netflix surged late on strong earnings while United Airlines and Interactive Brokers rose on results.Late Tuesday,
The Dow Jones Industrial Average (DJIA) dipped into the 44,000 ... further into the floorboards by a political spat between United States (US) President Donald Trump and Colombia over the weekend ...
The Dow and S&P 500 are near all-time highs early Friday as Apple stock flashes a buy signal. Deckers and Atlassian diverged on earnings.
US stocks gained steam on Thursday afternoon as investors digested megacap tech earnings and waited for Apple (AAPL) results for more clues on prospects for Big Tech. Right ahead of the closing bell,
Asia markets are mostly higher following gains on Wall Street driven by Tesla, IBM and Meta Platforms after strong profit reports
Wall Street stocks edged higher early Thursday following a deluge of mixed earnings as airline shares retreated following a US plane crash involving a passenger jet. Shares of Meta and IBM vaulted higher while Microsoft and UPS slumped on the heels of one of the busiest stretches of the earnings season.
Wall Street is coming off a losing session after the Federal Reserve paused its interest rate-cutting campaign, leaving its borrowing rate unchanged in a range between 4.25% and 4.5%. In their postmeeting statement, policymakers noted that inflation remains "somewhat elevated."
The Bureau of Economic Analysis's advance estimate of US gross domestic product (GDP) in the fourth quarter showed the economy grew at an annualized pace of 2.3%, below the 2.6% expected by economists surveyed by Bloomberg. The reading compares with the 3.1% seen in the third quarter.
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The deadly collision between a military helicopter and a passenger plane sent shares of U.S. carrier American Airlines in trade on Thursday.