S&P rises over 2%, the best in nearly two years, with chip stocks up about 7%, Nasdaq and Chinese stocks up 2.8%, and US Treasury yields and the yen falling for three consecutive days.
The latest employment data alleviates concerns over the US economy, and US stocks rose more than 1.7%. Nvidia's stock rose more than 6%, and Tesla, Alibaba, PDD Holdings, and Tencent ADR rose more than 3%. Bullish on weight loss drug reports, Eli Lilly and Co's stock rose more than 13%, and Novo-Nordisk A/S's US stock rose nearly 8%. The 10-year US Treasury yield rose above 4%, and short-term bond yields rose by 10 basis points. Oil prices rose for the third consecutive day, gold halted its five-day decline, and digital currency had a big increase.
Delta Flags $380M Hit to Revenue in Current Quarter From Crowdstrike Outage
CrowdStrike Holdings Analyst Ratings
Delta to CrowdStrike: Don't Blame Us for Tech Outage Problems -- WSJ
Express News | Delta Air Lines Shares up 5.3% to Session High of $39.31 After Co Warns of $380 Mln Revenue Hit From CrowdStrike Outage
Express News | Delta Air Lines Says 7,000 Flight Cancellations Impacted Projected Year-Over-Year September Quarter Capacity Growth By About 1.5 Points
