U.S. stock futures point higher after markets plunged yesterday on recession worries; airline stocks decline sharply after Delta Air Lines (DAL) cut its sales and earnings guidance; Oracle (ORCL) stock dips after it missed quarterly sales estimates; Tesla (TSLA) CEO Elon Musk says he runs his businesses "with great difficulty" amid his DOGE work for the U.S. government; and Southwest Airlines (LUV) will start charging for che🔯cked bags for the first time amid Elliott Investment Management pressure. Here's what investors need to know toda✨y.
1. US Stocks🌜 Point Higher After🥃 Sharp Selloff Monday
U.S. stock futures are pointing higher after 澳洲幸运5开奖号码历史查询:indexes plunged yesterday over tariffs and economic uncertainty. Nasdaq futures are 0.6% higher following a 4% drop in the prior session, its biggest one-day loss since September 2022 while 澳洲幸运5开奖号码历史查询:S&P 500 and 澳洲幸运5开奖号码历史查询:Dow Jones Industrial Average futures are up 0.5% and 0.4%, respectively. Bitcoin (BTCUSD) is higher, trading near $82,000. The 10-year Treasury yie🅺ld is little changed at around 4.2%. Oil and gold futures are higher.
2. US Airline Sto𝄹cks Tumble After Delta, Other🐼s Lower Outlook
U.S. airline stocks are dropping in premarket trading after Delta Air Lines (DAL) 澳洲幸运5开奖号码历史查询:cut its sales and profit guidance for the first quarter Monday, citing economic "uncertainty" that has hit travel demand. American Airlines (AAL) and Southwest Airlines (LUV), in turn, lowered their outlooks early Tuesday. Delta shares are tumbling 7% in premarket trading, United Airlines (UAL) is down 5%, and Ameri🎀can is falling 4%. Southwest shares are up 7% after it announced it will be cha♏rging for checked bags for the first time (see below).
3. Oracle Stock Slips on Weaker-Than-Expected Q3 Reꦍsults
Oracle (ORCL) shares are 1% lower in premarket trading after the tech giant reported quarterly sales that were 澳洲幸运5开奖号码历史查询:lower than analysts’ estimates, despite an optimistic outlook over 澳洲幸运5开奖号码历史查询:artificial intelligence (AI). Oracle posted third-quarter adjusted EPS of $1.47 on revenue that climbed 6% year-over-year to $14.1 billion, both below the analyst consensus compiled by Visible Alpha. However, CEO Safra Catz said revenue is expected to grow 15% in the upcoming fiscal year and highlighted cloud agreements with AI leaders including Nvidia (NVDA), Meta (META), OpenAI, and xAI.
4. Musk Cites 'Difficulty' Running Businesses Amid DOGE Work
Tesla (TSLA) CEO Elon Musk said in a Fox Business interview that he was running his other businesses "with great difficulty" over his work with the cost-cutting Department of Government Efficiency (DOGE). Tesla's stock has 澳洲幸运5开奖号码历史查询:fallen more than 55% from its December record high amid investor concerns about potential fallout from Musk's extensive involvement in the Trump administration and weak sales figures. In an X post, Musk dismissed worries over the stock's decline, writing that it "will be fine long-term." Tesla shares are nearly 3% higher in premarket trading after sinking 15% 📖yesterday.
5. Southwest Stock Surge✨s on Plan to Charge ꦕfor Checked Bags
Southwest Airlines (LUV) shares are jumping around 7% in premarket trading after the airline announced that it would end its longstanding policy of not charging fees on checked baggage. The announcement comes as Southwest also lowered its first-quarter revenue projection in a regulatory filing Tuesday morning, following other airlines in cutting their outlooks amid weakening demand. Southwest has been under pressure from 澳洲幸运5开奖号码历史查询:activist investor Elliott Investment Management to improve its balance sheet, which included 澳洲幸运5开奖号码历史查询:announcing the first mass layoffs in the company's 53-year history.