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.
TD Cowen analyst Tom Fitzgerald raised the firm’s price target on American Airlines (AAL) to $30 from $25 and keeps a Buy rating on the shares.
The S&P 500 ( ^GSPC) jumped over 0.5% to secure its first all-time closing high of 2025. The Dow Jones Industrial Average ( ^DJI) popped around 0.9%, while the Nasdaq Composite ( ^IXIC) recovered from earlier session losses to finish the day up about 0.2%.
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.
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Major indices were mostly higher early on Thursday as market participants digested quarterly earnings from several big-name tech firms.
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Wall Street was mixed in premarket trading on Thursday as major U.S. airlines stumbled and health insurance companies soared.
U.S. stocks are drifting near a record as Wall Street’s recent rally loses some momentum. The S&P 500 slipped 0.1% in early trading Thursday, a day after after pulling to the edge of its all-time high set in early December.
Meta Platforms and most other U.S. stocks are rising Thursday following a rush of profit reports from some of the country’s most influential companies, but drops for Nvidia and Microsoft are keeping the market in check.