Airline Shares Trade Lower as Oil Prices and Inflation Rise
Airline shares are lower amid elevated oil prices and stronger-than-expected inflation data.
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Stocks end week higher; bitcoin rises to about $82,300
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 rises to around $82,500 in broad market rally
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 rises to around $82,600 as stocks climb
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.
Bitcoin rises to around $82,900
Bitcoin moved up to around $82,900 in morning trade as U.S. stock-index futures and Treasury yields also moved higher.
American Airlines rises as oil eases and brokers trim targets
American Airlines shares traded higher as crude oil prices eased and Wall Street firms updated price forecasts this week. Barclays kept an Equal-Weight rating and lowered its target to $14, while UBS kept a Buy rating and cut its target to $17.