Delta gives stocks a boost, oil hits $101

US stocks Modest gains were posted in early trade as investors weighed in on a New report on record inflation against a basket of first-quarter mixed earnings.

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Me: DJI Dow Jones averages 34297.47 +77.11 + 0.23%
SP500 Standard & Poor’s 500 4411.87 +14.42 + 0.33%
I: COMP Nasdaq Composite Index 13495.555468 +123.98 + 0.93%

The producer price index rose 1.4% month over month, according to the Bureau of Labor statistics. On an annual basis, prices paid by wholesalers jumped 11.2%, compared to 10% in February.

After factoring in volatile food and energy costs, core producer prices rose 1% monthly in March, up from 0.2% the previous month. On a yearly basis, look for core PPI up 9.2% in March.

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In earnings news, Delta shares rose after the carrier said it had returned to profitability as consumer demand rebounded. The disclosure bodes well for other carriers. Separately, Southwest Flyers have warned CEO Robert Jordan not to be fatigued by their union.

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DA Delta Airlines Limited 40.29 +1.68 + 4.35%
AAL American Airlines Group 18.70 +1.56 + 9.14%
UAL United Airlines Holdings 44.86 +2.13 + 4.98%
love Southwest Airlines Company 45.75 +2.95 + 6.89%

JPMorgan’s quarter was quieter as revenue and profit were down from the same period last year. The largest US lender earned $8.28 billion, or $2.63 per share, in the first quarter, compared with $14.3 billion, or $4.50 per share, a year earlier. Revenue fell to $30.7 billion from $32.2 billion a year earlier. The stock slide affected the Dow Jones Index.

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JPM JPMORGAN CHASE & CO. 127.84 -3.66 -2.78%

AMC CEO participates in more dealings

In deal news, AMC Entertainment has struck a deal for Acquire Seven former Bow Tie cinema locations with 66 screens, including five in Connecticut, one in upstate New York, and one in Annapolis, Maryland. New Connecticut theater locations will double AMC’s public attendance in the state.

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Elsewhere, new Peloton CEO Barry McCarthy got a knockout blow from activist Blackwells Capital. The company says he has done little since taking the job in February when John Foley was transferred to a separate position.

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American oil Over $100 a barrel as traders watch Russia shrink supplies after Moscow said talks to resolve it Invasion of Ukraine He reached a dead end.

Traders on the floor of the New York Stock Exchange. (AP/AP Newsroom)

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USO United States Petroleum Fund LP 77.00 +1.04 + 1.37%
BNO United STS BRENT OIL FD LP UNIT 30.37 +0.56 + 1.88%

Russia invades Ukraine: live updates

Wounds swelled 8.5% in March, marking 40 new years

On Tuesday, the government reported that the Consumer Price Index, a closely watched measure of retail inflation, rose to a 40-year high in March.

Bitcoin traded around $40,000.


The Associated Press contributed to this report.

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