Top Stock Movers Now: Delta Air Lines, WK Kellogg, Autodesk, and More

U.S. equities were mostly higher at midday, boosted by optimism in the travel industry. The Dow Jones Industrial Average and S&P 500 were up, while the Nasdaq fell.

Airline stocks helped lead the S&P 500 higher, after Delta Air Lines (DAL) reported better-than-expected results and CEO Ed Bastian said in an interview that bookings had stabilized. The news lifted shares of cruise lines, hotels, and travel sites Expedia (EXPE) and Booking Holdings (BKNG).

WK Kellogg (KLG) shares soared when chocolatier Ferrero purchased the famous cereal brand for $3.1 billion.

Estee Lauder (EL) shares gained when Bank of America reinstated coverage with a “buy” rating, citing optimism about the cosmetics giant’s recovery plan. 

Shares of both Autodesk (ADSK) and PTC (PTC) slid on a report Autodesk was looking to buy the engineering software company.

Helen of Troy Ltd. (HELE) shares sank after the consumer products maker missed profit and sales estimates and gave a weaker-than-expected outlook on slowing sales and the impact of new U.S. tariffs.

U.S.-listed shares of Brazilian plane maker Embraer (ERJ) slumped when President Donald Trump said the U.S. would slap 50% tariffs on imports from Brazil.

Oil futures dropped. Gold prices rose. The yield on the 10-year Treasury note advanced. The U.S. dollar was up on the euro, pound, and yen. Major cryptocurrencies were mixed, with bitcoin pulling back slightly from yesterday’s all-time high.