Stocks Soar on Delta's Optimistic Outlook, Market Rises

Wall Street hit an all-time high after Delta Air Lines’ optimistic outlook for 2025. The S&P 500 rose 0.3%, with the Nasdaq and Dow also gaining. Delta’s strong performance boosted the entire airline sector, with United, American, JetBlue, and Southwest all seeing increases.

The market steadied after a downbeat start as the Trump administration pushed for new trade agreements. Wall Street analysts predict 5% growth in second-quarter earnings. Conagra Brands fell 4.4% due to revenue missing estimates and cost increases from tariffs.

Helen of Troy’s stocks plummeted 22.7% after missing forecasts, citing tariff uncertainty. AZZ shares rose 5.5% on earnings exceeding expectations. Earnings season ramps up next week with big banks reporting. Most S&P 500 sectors saw gains, with banks and consumer-focused companies leading.

Shares of WK Kellogg surged 30.6% after Ferrero agreed to acquire the cereal company. Freeport-McMoRan saw a 3.6% increase after Trump announced a 50% tariff on copper imports. The S&P 500 rose to 6,280.46, with bond yields mostly rising and European stock indexes closing mixed.

Tokyo’s Nikkei 225 fell 0.4% due to yen appreciation and lack of progress in Japan-U.S. trade talks. Applications for unemployment benefits fell, staying within a healthy range. The 10-year Treasury yield held steady at 4.34%.

Read more at Yahoo Finance: Stocks close higher, nudging the S&P 500 and Nasdaq to more highs