U.S. stock futures showed minimal movement on Tuesday, following the Dow Jones Industrial Average crossing the 38,000 milestone for the first time. Dow futures experienced a slight dip of 0.06%, with marginal declines observed in S&P 500 and Nasdaq 100 futures.
During premarket trading, United Airlines saw a notable uptick of over 6% after revealing robust fourth-quarter results. However, the airline anticipates a first-quarter loss due to the grounding of Boeing 737 Max 9 planes, the same model involved in the recent Alaska Airlines emergency. United is expected to address questions related to the grounding and potential compensation from Boeing in its Tuesday earnings call.
Other airline stocks also gained momentum alongside United, with American Airlines and Southwest Airlines posting increases of 3% and 2.8%, respectively. Alaska Air Group and Delta Air Lines each saw approximately a 2% rise.
Source (CNBC)
