These 2 Stocks Throttled Up on Fed Day
Stock market investors were on edge Wednesday morning, seeming increasingly impatient as they waited for the latest decision on interest rates from the Federal Reserve. The central bank's two-day meeting on monetary policy began on Tuesday, and investors anticipate another rate hike despite signs of slowing inflation in the government's latest data on consumer prices. Stock index futures were down very slightly in premarket trading.
Even with the market largely on pause, a couple of stocks stood out in the early morning premarket session. Delta Air Lines (NYSE: DAL) gained altitude after giving an upbeat update on its financial performance, while fuel cell specialist Plug Power (NASDAQ: PLUG) earned some favorable comments from investors on Wall Street. Read on to learn more about both companies and their future prospects.
Shares of Delta Air Lines climbed 4.5% in premarket trading Wednesday morning. The airline provided a preview to the presentation it will make to investment professionals later in the day, and what it had to say was highly encouraging not only for the carrier itself but also in its view of the prospects for the entire airline industry.
Source Fool.com
