US Stocks Hold Steady, Travel Demand Fuels Airlines, Tesla Reaches 32-Month Highs: What’s Driving Markets Thursday?
Wall Street experienced subdued trading on Thursday morning, with major indices remaining near the flatline as investors awaited further confirmation of potential interest rate cuts from the upcoming November jobs report.
The S&P 500 and Nasdaq 100 edged up by 0.1%, extending their record-high levels, while the Dow Jones Industrial Average slipped 0.3%. Small-cap stocks underperformed, with the Russell 2000 declining 0.8%.
Airline stocks emerged as a standout industry, buoyed by American Airlines Group Inc. (NASDAQ:AAL), which surged by a staggering 16% after the company raised its quarterly growth forecast on robust travel demand.
Shares of United Airlines Holdings Inc. (NASDAQ:UAL) gained 5%, while Delta Air Lines Inc. (NYSE:DAL) climbed 4.3%. The broader sector, tracked by the U.S. Global Jets ETF (NYSE:JETS), advanced 4%, reaching levels unseen since …
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