US STOCKS

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US stocks trade modestly higher as major indexes gain and airline sector strength offsets rising oil prices

  • S&P 500 (SPY) trades up 0.36% midday, with the Dow (DIA) up 0.33%, Nasdaq (QQQ) up 0.42%, and Russell 2000 (IWM) up 0.40%.
  • Delta Air Lines (DAL) rises over 5% after raising its Q1 revenue outlook on strong March demand across consumer and corporate segments.
  • Uber (UBER) trades up 3.5% and Stellantis (STLA) gains 3%, with both stocks cited as benefiting alongside airline strength.
  • Oil (CL) prices trade above $95 per barrel amid ongoing US-Iran tensions and Mideast attacks, while equities hold gains.
  • No major economic data releases occur today, with the February Producer Price Index scheduled for tomorrow.
  • Premarket movers include Coherent (COHR), Nvidia (NVDA), and Semtech (SMTC), drawing additional trader attention.
  • Traders monitor oil price volatility and continued airline sector strength for intraday direction.

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