"This article will be updated throughout the day, so check back often for more daily updates. The Vanguard S&P 500 ETF ( NYSEMKT: VOO) set a new all-time high on Wednesday, rising 0.6% to close at 618.77. Even as the U.S. government remains stubbornly shut down for an ninth straight day, the market continues to inch higher Thursday, up 0.5% premarket."
"But getting back to earnings at Delta, which is an S&P 500 component company, Delta reported its Q3 numbers this morning, which were $0.18 better than expected at $1.71 per share. Revenue was $15.2 billion, also better than expected. Taken in conjunction with the Q4 guidance, and the full-year guidance for a better than expected $6 per share for fiscal 2025, Delta's report was positive on all fronts, and the stock is up more than 7% premarket."
U.S. markets advanced with the Vanguard S&P 500 ETF (VOO) hitting an all-time high at 618.77 after a 0.6% gain and a 0.5% premarket rise despite a ninth day of the government shutdown. Delta Air Lines forecast Q4 earnings of $1.60–$1.90 per share, beat Q3 expectations with $1.71 per share and $15.2 billion revenue, and raised full-year guidance toward $6 per share for fiscal 2025, sending the stock higher. Delta cautioned a prolonged shutdown could affect airlines and the economy, and Transportation Secretary Sean Duffy noted a slight uptick in controllers calling in sick. PepsiCo also reported a Q3 earnings beat.
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