- The S&P 500 Index hit a new all-time high on Thursday.
- Major cruise and airline stocks post strong gains.
- Krogers Co shares fall by unimpressive third-quarter numbers.
The S&P 500 Index (SPX) He started the day little changed but had no difficulty setting a new all-time high of 3,681 on Thursday. At time of writing, the SPX was up just 0.1% on the day at 3,672.
S&P 500 Major Changes
In the absence of major fundamentals, major cruise and airline stocks, which suffered heavy losses amid the coronavirus outbreak, are posting impressive gains. At the time of writing, American Airlines Group Inc (AAL: NASDAQ), Carnival Corp (CCL: NYSE), Norwegian Cruise Line Holdings Ltd (NCLH: NYSE), United Airlines Holdings Inc (UAL: NASDAQ), Delta Air Lines Inc (DAL: NYSE) and Alaska Air Group Inc (ALK: NYSE) shares rose 6-10%.
On the other hand, Kroger Co (KR: NYSE) has the worst performance of the day, losing 5% to $ 30.68. Earlier in the day, the company reported that sales in the third quarter were $ 29.7 billion, compared with an analyst estimate of $ 29.97 billion.
Shares of Cabot Oil & Gas Corp (COG: NYSE) and Nasdaq Inc (NDAQ: NASDAQ) are among the other big losers, falling 4.4% and 3.1%, respectively.
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