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Barchart
Barchart
Rich Asplund

Stocks See Support from Airline Stocks but Trade Uncertainty Persists

The S&P 500 Index ($SPX) (SPY) today is up +0.10%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.41%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.34%.  September E-mini S&P futures (ESU25) are up +0.13%, and September E-mini Nasdaq futures (NQU25) are down -0.33%. 

Stocks today are mixed.  Strength in airline stocks is positive for the broader market, with Delta Air Lines jumping more than +12% after restoring its full-year guidance.  Stocks also found support after today’s US weekly initial unemployment report showed jobless claims unexpectedly fell to an 8-week low, a sign that the US labor market remains strong. 

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