Stock Market Update
17-Apr-26 10:35 ET
Airlines soaring as oil retreats
Dow +987.33
at 49566.18,
Nasdaq +384.95
at 24487.66,
S&P +84.10
at 7052.37
[BRIEFING.COM] communication services sector (-0.1%) faces pressure in Netflix (NFLX 97.48, -10.30, -9.56%) after its earnings report.
The S&P 500 (+1.1%), Nasdaq Composite (+1.3%), and DJIA (+2.0%) are steadily ticking higher after their sharp opening gains.
Airlines such as United Airlines (UAL 104.99, +9.96, +10.48%) and Southwest Air (LUV 44.74, +4.11, +10.12%) are unsurprisingly among the top-performing S&P 500 components this morning amid the sudden retreat in oil prices. President Trump wrote on Truth Social that Iran is removing all sea mines from the Strait of Hormuz. Crude oil is hovering around the $80 per barrel mark.
