"Wall Street is taking a pause as U.S. stocks and even the price of gold make only modest moves near their record highs. The S&P 500 rose 0.1% in the first few minutes of trading Thursday. The index is coming off its eighth gain in the last nine days. The Dow Jones Industrial Average rose 26 points, and the Nasdaq composite was little changed. Gold held near its latest record following its stellar run this year, while Treasury yields rose slightly in the bond market."
"Delta Air Lines easily topped Wall Street expectations for third quarter profit. Delta expects recent momentum to carry through the end of the year and forecast full-year profit of $6 per share, in the upper half of its previous guidance range. Delta shares rose 5.8% in premarket, lifting other major airlines' shares along with it. United rose 3.9% and American jumped 4.9%."
U.S. markets traded little changed early Thursday while major indexes hovered near all-time highs. The S&P 500 rose 0.1% in early trading after closing at record highs the previous session, with the index posting its eighth gain in nine days. The Dow rose 26 points and the Nasdaq was little changed. Gold remained near its latest record and Treasury yields ticked up. PepsiCo posted better-than-expected third-quarter revenue and adjusted earnings of $2.29 per share despite a decline in net income. Delta beat profit estimates, forecast full-year $6 per share, and saw shares jump, lifting other airlines. Novo Nordisk agreed to acquire Akero Therapeutics for $4.7 billion in cash, sending Akero shares higher.
Read at Fortune
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