Stock indices open higher with continued strong bank profits; Gold hits latest record

The four major US airlines are unlikely to be able to make money from air travelers this year

1 hour and 4 minutes ago

It doesn’t look good for any of the major US airlines to make money carrying passengers in 2025.

United Airlines (UAL) reported third-quarter results after the bell yesterday, and through nine months of 2025, it generated higher cost per available seat mile (CASM) than passenger revenue per available seat mile (PRASM).

With a PRASM of 16.00 cents but a CASM of 16.34 cents, the Chicago-based carrier joins rival Delta Air Lines (DAL) with results for those metrics turning negative through three quarters.

American Airlines (AAL) and Southwest Airlines (LUV) will report third-quarter results next week, but both have been more negative through two quarters than Delta and United.

However, all four companies were profitable overall in 2024, largely due to profitable co-branded credit cards.

United shares fell an hour before the bell. The stock entered Thursday, up 7% this year.

Snowflake Stock Jumps on Palantir Partnership

1 hour and 42 minutes ago

Shares of Snowflake (SNOW) rose 7% before the bell after the AI ​​data cloud company announced a partnership with Palantir Technologies (PLTR).

The collaboration “integrates Snowflake’s AI data cloud with Palantir Foundry and Palantir’s AI Platform (AIP),” and “customers in the commercial and public sectors will be able to build more efficient and reliable data pipelines, faster data analytics, and AI applications,” the press release said.

Snowflake stock entered Thursday, up about 55% this year. Palantir shares, which rose 1% before the bell, are up more than 135% in 2025.

Watch these Salesforce price levels as shares rise on upbeat sales outlook

2 hours and 11 minutes ago

Shares of Salesforce (CRM) rose in premarket trading Thursday after the software maker issued a better-than-expected long-term sales forecast.

The company said it expects revenue to exceed $60 billion in 2030, comfortably above the level analysts had expected. It also expects revenue to grow more than 10% annually for fiscal years 2026-2030, fueled by Agentforce, which automates customer service tasks and business processes.

Shares of Salesforce, a component of the Dow Jones Industrial Average, rose 4.8% to $248 in recent premarket trading. Entering today’s session, the stock had lost nearly 30% of its value so far this year amid concerns that competing artificial intelligence software could slow adoption of the company’s Agentforce platform.

Since retesting the 200-day moving average (MA) in mid-May, Salesforce shares have traded lower within a bearish extension formation, marking the upper and lower trend lines of the pattern on several occasions since that time.

More recently, the 50-day moving average provided selling pressure on attempted rallies, while the RSI fell slightly below a neutral threshold. However, the stock appears poised to open around the 50-day moving average following the upbeat revenue outlook from the software maker, which could set the stage for a breakout from the bearish expansion formation.

Read the full technical analysis article here.

–Timothy Smith

Stock futures point higher as strong bank earnings continue

2 hours and 23 minutes ago

Futures linked to the Dow Jones Industrial Average rose 0.4%.

S&P 500 futures also rose 0.4%.

Nasdaq 100 futures rose 0.5%.