Wall Street pointed mostly higher in premarket trading Thursday while more corporate earnings poured in a day after the Federal Reserve opted to leave its benchmark lending rate alone. Futures for the S&P 500 rose 0.
Alaska Air Group ( ALK) shares climbed when the airline also topped profit and sales forecasts after it completed its acquisition of Hawaiian Airlines. While Alaska Air advanced, shares of American Airlines ( AAL) plunged as the carrier predicted its first-quarter loss would be more than expected and warned of higher costs.
American Airlines (AAL – Research Report), the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Thomas
U.S. stocks traded mixed midway through trading, with the Dow Jones index gaining around 250 points on Thursday. The Dow traded up 0.58% to 44,412.35 while the NASDAQ fell 0.30% to 19,949.51. The S&P 500 also rose, gaining, 0.09% to 6,091.83.
Jefferies analyst Sheila Kahyaoglu maintained a Buy rating on American Airlines (AAL – Research Report) yesterday and set a price target of
U.S. stocks rose to a record as Wall Street regained some of the momentum that catapulted it to 57 all-time highs last year.
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Major indices were mostly higher early on Thursday as market participants digested quarterly earnings from several big-name tech firms.
Stocks took a leg up after Trump said Thursday in a virtual address to the World Economic Forum that he would “demand that interest rates drop immediately.”
Wall Street was mixed in premarket trading on Thursday as major U.S. airlines stumbled and health insurance companies soared.
The S&P 500 climbed to a fresh record on Thursday, driven by President Donald Trump’s calls for immediate interest rate cuts and cheaper oil prices.
Stock futures were higher as investors digested big tech earnings results. An American Airlines flight carrying 64 people collided midair with a military helicopter. The Federal Reserve left its key interest rate unchanged.