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Airline stocks weighed on the S&P 500.
Shares of Delta Air Lines fell 8.6%, while United Airlines declined 9.9% and American Airlines slid by over 8.7%.
Southwest Airlines fell, too. An ETF that includes airline shares was down 4.8%.
The declines came after Delta lowered its 2024 earnings guidanc
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BlackRock’s assets under management climbed to $10 trillion in the fourth quarter, beating analyst expectations and roughly tying a record set in the fourth quarter of 2021.
The world’s largest asset manager got a boost from rising U.S. markets and $96 billion of new client inflows to its investmen