American Airlines and Ford Decline 6% and 3%, Respectively
Ryan Christensen, account executive at Adviser Investments, has the market analysis for Tuesday, October 9. Major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. indexes posted mixed results, with the NASDAQ posting fractional gains and the Dow Jones Industrial Average and S&P 500 declining 0.2% and 0.1%, respectively. American Airlines fell 6% on higher-than-anticipated quarterly fuel costs and around $55 million in revenue lost as a result of Hurricane Florence. Meanwhile, Ford closed the day down 3% after announcing significant changes to the company’s global marketing operations.