Stock Market Update
01-May-26 12:35 ET
Industrials sector under pressure, though airlines outperform
Dow -70.23
at 49581.91,
Nasdaq +230.55
at 25122.86,
S&P +32.95
at 7241.96
[BRIEFING.COM] The S&P 500 (+0.5%), Nasdaq Composite (+0.9%), and DJIA (-0.1%) remain mostly higher shortly after midday.
The industrials sector (-0.8%) is under broad pressure, with Parker-Hannifin (PH 875.08, -34.34, -3.78%) and Old Dominion (ODFL 206.15, -6.28, -2.96%) continuing to move lower after their earnings, while Caterpillar (CAT 882.94, -7.17, -0.81%) takes a breather after an impressive rally yesterday.
However, airline names such as Southwest Air (LUV 39.06, +1.14, +3.01%), United Airlines (UAL 92.32, +2.32, +2.58%), and Delta Air Lines (DAL 69.38, +1.39, +2.04%) are outperforming.The group is supported by today's lower price of oil, along with reports that Spirit Airlines could potentially be shutting down.
