US Stock Market Move | Aviation service sector surged at the opening, United Airlines (UAL.US) rose more than 5%
On Wednesday, the aviation services sector of the US stock market strengthened in early trading.
On Wednesday, the aviation services sector of the US stock market showed strength in early trading, with United Airlines (UAL.US) rising over 5%, American Airlines Group Inc. (AAL.US) and Delta Air Lines, Inc. (DAL.US) rising over 3%, and Southwest Airlines Co. (LUV.US) rising over 2%. On the news front, the US government could reopen as early as this weekend. The Senate passed a spending bill on Monday night, which has now been submitted to the House for a final vote. House Majority Leader Scalise said that the House will vote on the bill to end the government shutdown at around 7 pm Eastern time on Wednesday.
Several major US airlines, including Delta Air Lines, Inc., United Airlines, American Airlines Group Inc., and Southwest Airlines Co., are adjusting their flight schedules due to the Federal Aviation Administration (FAA) reducing capacity by up to 10% at 40 airports. Over 1,100 flights were already canceled on Tuesday, and delays are expected even after the government reopens.
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