U.S. equities were largely higher after the Federal Reserve raised a key interest rate by 25 basis points. The Dow hit a record close and the Nasdaq finished higher but the S&P 500 closed lower.
Shares of Delta Air Lines Inc. (DAL) were in focus following reports that the company will announce an order for 100 Airbus A321neo jets, sources told CNN Money and CNBC. The order is expected to be announced by the airline on Thursday. The move would be a blow to rival plane-maker Boeing Co. (BA) , which was in negotiations to sell 100 of its 737 Max 10 airliners to Delta, according to CNN Money sources.
T-Mobile US Inc. (TMUS) shares were slightly higher after the mobile carrier announced plans to launch a "disruptive new TV service" in 2018 following its acquisition of startup Layer3 TV for an undisclosed amount. The company said that it wants to disrupt the traditional pay TV model that features long contracts and bloated bundles.
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Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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