Will Airlines Send the Stock Market to New Highs?
The stock market got off to a slow start on Thursday, giving back just a small portion of the huge gains that it has enjoyed over the past couple of weeks. Immediately after the market opened at 9:30 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 62 points to 35,548. The S&P 500 (SNPINDEX: ^GSPC) fell 5 points to 4,531, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) declined 12 points to 15,110.
Several airline stocks reported their financial results early Thursday morning, and the numbers have many investors looking at the implications for the transportation sector and the broader economy. Below, we'll look at what Southwest Airlines (NYSE: LUV), American Airlines Group (NASDAQ: AAL), and Alaska Air (NYSE: ALK) reported in more detail.
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Source Fool.com
