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Key Takeaways
- Major U.S. equities indexes pulled back Thursday after the S&P 500 and Nasdaq set fresh all-time highs.
- Delta Air Lines shares jumped after the carrier posted quarterly earnings that topped analysts’ estimates.
- Tesla shares slid after the National Highway Traffic Safety Administration opened an investigation into the electric vehicle maker’s Full Self-Driving software.
Major U.S. equities indexes pulled back Thursday after the S&P 500 and Nasdaq set fresh all-time highs. The Dow Jones Industrial Average, S&P 500, and Nasdaq all were lower at midday.
Delta Air Lines (DAL) stock surged after the Atlanta-based carrier’s quarterly results topped analysts’ estimates and it issued a rosy outlook. Shares of rival United Airlines (UAL) were also higher.
PepsiCo (PEP) shares advanced after the snacks and beverages giant posted slightly better-than-expected results and named a new CFO.
Akero Therapeutics (AKRO) shares popped after Danish pharmaceutical giant Novo Nordisk (NVO) announced it is buying the firm working on a liver disease treatment for up to $5.2 billion. U.S.-listed shares of Novo Nordisk slipped.
Ferrari (RACE) shares sank after the Italian luxury carmaker issued a soft outlook.
Tesla (TSLA) stock slid after the National Highway Traffic Safety Administration opened an investigation into the electric vehicle maker’s Full Self-Driving software.
Boeing (BA) was the worst-performing stock in the Dow after Turkish Airlines’ chair said the carrier might switch a recent order for 150 737 MAX planes to Airbus if engine talks fail.
Gold prices retreated from their record highs. Oil futures and the price of Bitcoin also fell. The yield on the 10-year Treasury note ticked higher. The U.S. dollar rose against the euro, pound, and yen.
