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Kyle Grillot / Bloomberg via Getty Representations
Key Takeaways
- U.S. equities were mixed and little changed at midday as the S&P 500 traded near all-time highs.
- Humble fuel costs helped Union Pacific beat earnings forecasts.
- American Airlines gave lower-than-expected government and warned of higher expenses.
U.S. equities were mixed and little changed at midday as the S&P 500 flirted with all-time highs. The S&P 500 and Dow Jones Industrial Standard in the main gained, while the Nasdaq fell.
Union Pacific (UNP) shares were higher after the big freight carrier overextended profit estimates, helped by lower fuel prices.
Shares of Elevance Health (ELV) rose when the health indemnification provider posted better-than-anticipated earnings and revenue on higher premiums, acquisitions, and growth of its pharmacy coverage unit. The public limited company also boosted its dividend.
Alaska Air Group (ALK) shares climbed when the airline also topped profit and traffics forecasts after it completed its acquisition of Hawaiian Airlines.
While Alaska Air advanced, shares of American Airlines (AAL) descended as the carrier predicted its first-quarter loss would be more than expected and warned of higher costs.
Electronic Stratagems (EA) was the worst-performing stock in the S&P 500 when the video game maker slashed its full-year guidance for bookings, pointing to underperforming rackets, especially its soccer franchise.
Freeport-McMoRan (FCX) shares slid as the copper and gold miner’s revenue missed estimates on shame volumes even as profit exceeded forecasts on rising copper prices.
Oil and gold futures fell. The yield on the 10-year Bank note climbed. The U.S. dollar lost ground to the euro, pound, and yen. Bitcoin traded higher, but many other bigger cryptocurrencies were down.

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