Wall Street, Delta and Airline
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Wall Street looked set for a subdued start on Thursday, taking a breather after Nvidia's $4 trillion sprint, while airline stocks jumped following Delta's upbeat forecast. At 8:36 a.m. ET, Dow E-minis were down 56 points,
Delta’s encouraging report boosted the entire airline sector. United jumped 14.3%, American climbed 12.7%, JetBlue gained 7.8% and Southwest finished 8.1% higher.
STORY: U.S. stocks rose on Thursday, with the Dow gaining more than four-tenths of a percent, the S&P 500 adding over a quarter-percent and the Nasdaq ticking up marginally.The gains, while moderate,
(Reuters) -The S&P 500 and the Dow edged up on Thursday, brushing off President Donald Trump's latest tariff salvo, while airline stocks soared on the wings of Delta's upbeat forecast. Delta Air Lines jumped 12.5% after forecasting third-quarter and full-year profits above Wall Street estimates.
Analysts expect that airlines will have a tepid earnings season as tariff uncertainty and declining U.S. dollar weigh on the industry.
Delta surged 13.2%, bringing other airlines along with it, after beating Wall Street’s revenue and profit targets. The Atlanta airline also gave a more optimistic view for the remaining summer ...