"Stocks fluctuated Thursday, with the S&P 500 down 0.1% and the Nasdaq composite 0.4% lower, amidst a rally in airline stocks led by Delta Air Lines."
"Delta Air Lines surged 12% after exceeding Wall Street revenue and profit targets, positively impacting the outlook for the summer travel season."
"The Labor Department's report showed fewer Americans sought unemployment benefits last week, indicating a healthy job market alongside the strong performance in the airline sector."
"WK Kellogg's shares rose over 30% following Ferrero's $3.1 billion agreement to acquire the cereal company, expanding their breakfast portfolio across North America."
U.S. stocks edged lower with the S&P 500 down 0.1%, while airline stocks rallied on Delta Air Lines’ strong revenue report. The Dow increased by 55 points, while the Nasdaq dropped 0.4%. Delta’s shares surged 12% after an optimistic outlook for the summer travel season, impacting other airline stocks positively. The Labor Department reported fewer unemployment benefit claims, reflecting a healthy job market. Shares of WK Kellogg rose over 30% following Ferrero's acquisition agreement valued at $3.1 billion, expanding its breakfast portfolio in North America.
Read at Fortune
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