US equity markets closed down for the last session of a year 2022 marked by heavy losses linked to aggressive interest rate hikes to fight inflation, the Ukrainian conflict or even concerns regarding the health situation in China. Wall Street’s three major indices recorded their first annual decline since 2018. The Dow Jones fell 0.22% to 33,147 points while the Nasdaq lost 0.11% to 10,466 points.
The airline Southwest Airlines (+0.87% to 33.67 dollars on the New York Stock Exchange) has undertaken to reimburse travel, hotel, catering and car rental costs to passengers whose flight was canceled due to the extreme cold spell that recently hit the United States. It has thus created a dedicated page for customers to submit refund requests and find their luggage. Southwest Airlines says it resumed normal operations with minimal disruption on Friday.
Macroeconomic figures
The Chicago area PMI came out at 44.9 in December compared to a consensus of 40 and 37.2 in November.
The values to follow
Costco
Analysts at Telsey Advisory Group have told investors they expect Costco to release a strong December sales report, which will be released following the close on Thursday, Jan. 5. Analysts, who reiterated the “Outperform” rating and the $580 price target on the stock, explain in the note that sales should continue to benefit from high food inflation and general inflation, that drives consumers to shop in search of value.
Southwest Airlines
Southwest airline has pledged to reimburse travel, hotel, restaurant and car rental costs to passengers whose flight was canceled due to the extreme cold snap that recently hit the UNITED STATES. It has thus created a dedicated page for customers to submit refund requests and find their luggage. Southwest Airlines plans to resume normal operations with minimal disruption this Friday, December 30.
source : AOF
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