Airline stocks got a boost in the premarket after several co...

Rann New wrote a post · Mar 15, 2022 08:02

Airline stocks got a boost in the premarket after several companies raised their revenue outlooks. Delta Air Lines rose about 6%, while United and Southwest gained about 4%.

A surge in energy prices in February led wholesale goods prices to their biggest one-month jump on record, the Labor Department reported Tuesday. The headline producer price index (PPI) rose 0.8% in February from the previous month. While that was slightly lower than the 0.9% estimated by Dow Jones, it still showed a 10% gain from the same time last year.

However, core PPI, which excludes food, energy and trade services, rose just 0.2%. That was below the expectation of 0.6%. $S&P 500 Index(.SPX.US)$ $SPDR S&P 500 ETF(SPY.US)$ $Dow Jones Industrial Average(.DJI.US)$ $Invesco QQQ Trust(QQQ.US)$ $Nasdaq Composite Index(.IXIC.US)$

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Rann New

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