Markets on Wall Street gave back some of this week’s gains early today ahead of another heavy slate of corporate earnings, the Associated Press reports. Futures for the Dow Jones industrials and the S&P 500 each declined 0.6% before the bell.
Southwest Airlines fell nearly 8% after the carrier said it lost $231 million in the first quarter and will limit hiring, offer voluntary leave to employees, and stop flying to four airports.
as labor costs rose, but it said it expects to return to profitability in the second quarter.
Facebook and Instagram parent company Meta fell 15.6% in after hours trading when it issued lukewarm revenue guidance after the bell Wednesday along with otherwise strong first-quarter financial results.
In energy trading early today, benchmark U.S. crude added 19 cents to $83 per barrel. Brent crude, the international standard, rose 17 cents to $87.21 per barrel.
In currency trading, the U.S. dollar rose to 155.55 Japanese yen from 155.31 yen.
