United Airlines Holdings Inc. closed 6.67% below its 52-week high of $116.00, which the company achieved on January 22nd.
Asia markets are mostly higher following gains on Wall Street driven by Tesla, IBM and Meta Platforms after strong profit reports
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.
The deadly collision between a military helicopter and a passenger plane sent shares of U.S. carrier American Airlines in trade on Thursday.
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.
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."
Major indices were mostly higher early on Thursday as market participants digested quarterly earnings from several big-name tech firms.
Charting, Price Performance, News & Related Contracts.
US equity markets were trending upwards before Thursday's opening bell as traders digest the latest financial results of some of the biggest tech companies and await more corporate earnings. Standard & Poor's 500 increased 0.
U.S. stocks slipped after the Federal Reserve held its main interest rate steady and broke a run of cuts that began in September
According to JPMorgan, small investors on the day purchased $1.3 billion more stocks than their daily average of the last 12 months. Large-cap tech and broad based multi-cap exchange traded funds saw higher-than-average demand, with SPY, VOO, QQQ and SOXL exchange-traded funds collectively accounting for $700 million, said the bank.