By Reuters
The S&P 500 and the Nasdaq nudged lower on Thursday, as investors monitored developments around U.S. President Donald Trump鈥檚 trade policies, while airline stocks jumped following Delta鈥檚 upbeat forecast.
At 10:02 a.m. ET, the Dow Jones Industrial Average rose 39.82 points, or 0.09%, to 44,498.12, the S&P 500 lost 9.36 points, or 0.15%, to 6,253.90 and the Nasdaq Composite lost 89.97 points, or 0.44%, to 20,523.04.
Delta Air Lines jumped 12.9% after forecasting third-quarter and full-year profits above Wall Street estimates.
Peers United Airlines rose 9.7%, while American Airlines gained 9%, boosting the Dow Jones Transport Average by 2.3%.
Markets are bracing for a flurry of second-quarter earnings, set to kick off in full force next week.
鈥淚nvestors need some validation from corporate earnings to continue that justifies the valuations,鈥 said Eric Beiley, wealth manager at Steward Partners.
鈥淗owever, markets are in a wait-and-see mode with the tariff announcements .. that鈥檚 probably pause