JetBlue, American Airlines and Southwest Rise More Than 5%
Todd Peters, senior vice president at Adviser Investments, has the market analysis for Thursday, January 24. The Dow Jones Industrial Average declined 0.1% while the S&P 500 and NASDAQ gained 0.2% and 0.7%, respectively. Several headlines fueled today’s mixed results. On the negative side, the Conference Board Leading Economic Index fell 0.1% in December, following a 0.2% advance for November. Investors also reacted to discouraging comments from Commerce Secretary Wilbur Ross related to trade negotiations between the U.S. and China. Conversely, we also saw encouraging earnings reports from the airline sector: JetBlue, American Airlines and Southwest each gained more than 5% after posting strong quarterly results.