Airline Shares Rise as Crude Oil Falls 1% Below $97
Airline stocks climbed Tuesday as crude futures fell 1% to below $97 a barrel. Frontier rose 6.29%, American 3.94%, Delta 2.73%, United 2.27% and Southwest 1.70%.
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Airline stocks climbed Tuesday as crude futures fell 1% to below $97 a barrel. Frontier rose 6.29%, American 3.94%, Delta 2.73%, United 2.27% and Southwest 1.70%.
American Airlines shares gained 4.44% to $12.20 Tuesday as crude fell 1% to below $97 per barrel. The article also cites upcoming earnings and GE Aerospace results as factors in aviation-sector sentiment.
U.S. indexes finished the week with gains, while bitcoin moved up to around $82,300. The update also noted Treasury yields near 5.24% and WTI crude around $91.65.
Bitcoin moved up to around $82,500 as U.S. stocks advanced and Treasury yields edged higher. The move was part of a wider intraday risk-on session rather than a standalone catalyst-driven event.
Bitcoin moved up to around $82,600 while major U.S. indexes posted broad gains and Treasury yields edged higher. The move adds to a risk-on session that also saw WTI crude near $91.60 and the Dow up more than 400 points.