S&P 500 Leads Nikkei 225, ASX 200 Lower as Volatility Spikes
S&P 500, ASX 200, NIKKEI 225, ASIA-PACIFIC MARKET OUTLOOK:
The FOMC meeting revealed little changes; Apple and Facebook earnings beat
Asia-Pacific indices are poised to open sharply lower following a sour US lead
Market Turmoil, FOMC, Earnings, Asia-Pacific Stocks Outlook:
Wall Street stocks had a bloodbath day without clear fundamental reasons behind, leading market participants to question if the short squeeze in GameStop (+134%) and AME entertainment (+301%) have forced some hedge funds to liquidate their long positions in other stocks to cover losses. This appeared to have sparked broader risk aversion and encouraged more liquidation in a time when stock markets valuations are at their highest levels since the Dotcom bubble.
4 Min Read
(Reuters) - Shares in American Airlines Group Inc AAL.O surged more than 20% in opening trading after the carrier was mentioned on Reddit s WallStreetBets forum and it posted a slimmer-than-expected quarterly loss on Thursday.
Slideshow ( 4 images )
American joined rival Delta Air Lines in calling 2021 a year of recovery for an industry that has been ravaged by the coronavirus pandemic, but airlines continue to burn through millions of dollars every day and the strength of the rebound will depend on the pace of vaccine rollouts and the easing of travel restrictions.
“As we look to the year ahead, 2021 will be a year of recovery. While we don’t know exactly when passenger demand will return, as vaccine distribution takes hold and travel restrictions are lifted, we will be ready,” American Airlines Chief Executive Doug Parker said.
: American Airlines stock soars after Q4 results but is ‘dislocating with fundamentals,’ analyst says
Shares of American Airlines Group Inc. soared Thursday after the air carrier reported better-than-expected quarterly results, but Cowen analyst Helane Becker warned investors that prices were “dislocating from fundaments.”
Latest posts by Market Watch (see all)
Market Summary
Retirement Intelligence
Risk Disclaimer - By using this web site you agree to its terms and conditions.
All materials, including but not limited to articles, directories, photos, lists, etc., on this website are the sole property of ForexTV or the respective copyright holders and are intended for informational/educational purposes using hypothetical and sometimes anecdotal illustrations. The unauthorized use of any and all materials is prohibited and restricted by copyright law. Any use of materials on this site must be approved in advance by ForexTV.
American Airlines: 4Q Earnings Snapshot sfgate.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sfgate.com Daily Mail and Mail on Sunday newspapers.