The S&P 500 Index hit new intraday (6,304.69) and closing highs (6,297.36), while the Nasdaq Composite ended at a fresh peak for a fourth straight session.
The Russell 2000 (^RUT) is packed with potential breakout stocks, thanks to its focus on smaller companies with high growth potential.
However, smaller size also means these businesses often lack the resilience and financial flexibility of large-cap firms, making careful selection crucial.
Delta’s second quarter results were well received by the market, with management attributing the performance to resilient demand in premium cabins, effective capacity management, and robust non-ticket revenue streams. CEO Ed Bastian cited the airline’s ability to “generate strong earnings and free cash flow” in a stabilized demand environment, underscoring the importance of premium offerings and loyalty partnerships. President Glen Hauenstein highlighted continued growth in premium revenue and loyalty engagement, with American Express co-brand card spending up double digits. Supply adjustments, especially reductions in main cabin and off-peak flights, helped offset pockets of demand softness, while operational reliability remained a focus despite weather challenges.
