Delta And Spirit Airlines Warn Of Slowdown Amid Covid Resurgence, And Stocks Are No Longer Rallying

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Dollar General and Kroger both failed to impress Wall Street with their earnings reports, while airlines warned that surging Covid cases are already hurting travel.

After the best month for stocks in decades, the Dow Jones Industrial Average and the S&P 500 continued their tepid December performances on Thursday morning, staying virtually flat as a slew of companies, including retailers and airlines, warn of an increasingly murky outlook heading into 2021 amid new record high coronavirus cases in the United States.... [+]

Retailers Dollar General and Kroger reported better-than-expected earnings before the market open as the pandemic continued to fuel discount and grocery sales, but increasingly uncertain outlooks for next year pushed shares down 2% and 4%, respectively, the biggest Thursday losses among firms in the S&P.

Shares of AMC Entertainment, the nation's largest movie theater operator, are sliding nearly 7% after the firm on Thursday morningto sell up to 200 million shares in an offering that could be worth as much as $850 million based on current prices.

 

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