Southwest Airlines ended today at $36.87, a 0.52% increase

Published: January 25 2023, 23:50 GMT+0

Southwest Airlines ended today at $36.87, a 0.52% increase

A quick look at today: generally flat but with a slight bullish bias, Southwest Airlines Co. ranged between $36.27 and $36.9 before closing higher at $36.87.

Nevertheless, following a previous reading of 8.41 million, Crude Oil Inventories in United States released today at 15:30 UTC fell short of the 971,000 figure expected by analysts with an actual reading of 533,000.

At the same time, United States 5-Year Note Auction released today at 18:00 UTC with a figure of 3.53, while the previous figure was 3.973. Fresh Cushing Crude Oil Inventories data from United States came out at 4.27 million.

This rally in Southwest Airlines's share price coincided with other industrials stocks as Lockheed Martin gained 1.1%, as it traded at $454.16.

While Southwest Airlines was bullish today, the following industrials stocks underperformed: United Parcel Service went down to $177.46, losing 1.41% after it closed at $180 today. Union Pacific went down to $200.12, losing 1.51% after it closed at $203.18 today.

Furthermore, the market is looking at tomorrow at 13:30 UTC data for United States Core Durable Goods Orders will be released, with an expected decline to -0.2% from the preceding figure of 0.1%. United States GDP projected to come out at 2.6 — worse than previous data of 3.2; data will be released tomorrow at 13:30 UTC. Projections for United States Initial Jobless Claims are set for a continuation of decline with 205,000 while previous data was 190,000; data will be released tomorrow at 13:30 UTC.

This year has been a bright one for the low-cost US airline after trading as low as $30.84 and going on to appreciate by 12.52% year to date.

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