Good morning im Frank Holland in for Brian Sullivan here is how your stocks are shaping up the dow is open, the s p up about three. Nasdaq implied open up about 35 points still on pace for the broader losing streak. Closing down more than 1 with amazon closing down two and a quarter percent. The russell 2000 up more than 3 since monday where its best Weekly Performance since august 8. Perhaps a rotation on the way. More on that coming up first, we have to check the stock of the week. Thats snowflake after the surge of trading on wednesday, the stock was down 26 yesterday and on track for more losses this morning that stock down about a percent and a half well continue to watch those shares checking action around the globe, matt taylor in singapore and karen tso in london. A fairly lack luster week in the markets. We did modest gains coming through. We did see weakness when it comes to australia or new zealand. It was a lateday rally ending up more than 2 . You were talking about the na
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A year ago as the pandemic tore around the world, it was anyone’s guess when North American airlines would bounce back. At the beginning of a cataclysmic global crisis, passenger carriers cut routes, retired aircraft and shed staff. Now, optimism has returned, with major airlines reporting promising first quarter results, and sharply higher demand as Americans get back in the air. Majors are offering more point-to-point routes and looking to alliance partners to help support their growth, while smaller carriers scramble to grab more market share while US travellers have money to spend. Two new low-cost entrants - Avelo Airlines and Breeze Airways - are set to shake up the US market, while two others – Sun Country and Frontier Airlines – recently launched successful IPOs.
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