Stocks finished flat Monday as traders opted to pull over and let some of the earnings traffic pass before deciding what to do next.
Consumer complaints rose at 15 of the 16 airlines studied and overall soared 60 percent.
Delta Air Lines and Northwest Airlines have revived merger talks, according to a report in The Financial Times.
Stocks advanced Monday, helped by financials, after some encouraging news that suggests banks may be getting their act together.
.Three big financial stocks are the top volume movers this morning--Washington Mutual, UBS, and Citigroup. Washington Mutual up 16 percent pre-open on a Journal story that private equity firm TPG and others may invest $5 b in the company, which would provide it with much-needed capital.
ATA Airlines canceled all flights Thursday after filing for bankruptcy as it posted advisories at ticket counters in the handful of cities it still served and sought assistance for stranded passengers.
Pardus Capital Management, an activist hedge fund with over $2 billion in assets, said it suspended investor withdrawals in the face of slumping values of some of its investments.
Executives at Northwest Airlines have proposed that Northwest and Delta Air Lines go ahead with a planned merger, a source familiar with the talks said Friday.
Stocks retreated Thursday after another analyst warning on the financial sector and disappointing earnings from Oracle.
AMR, parent of American Airlines, said it cancelled 300 flights Wednesday, up from the 200 it earlier said it expected to cancel.
Good reports from Lehman and Goldman, and housing starts are above expectations. Core PPI up 0.5 percent is higher than the 0.3 percent expected, but that is being pushed aside in favor of the more bullish housing starts data.
Delta Air Lines prepared to announce an overhaul of its operations Tuesday as a possible combination took a precarious turn after its pilots union declared that talks with its Northwest Airlines counterpart ended without a seniority deal.
The Fast Money traders share their final trades of the day.
Tuesday, 18 Jun 2013 | 5:00 PM ETAhead of the Fed meeting, the S&P 500 appears headed toward 1,687, StockMonster's Guy Adami says.
Tuesday, 18 Jun 2013 | 6:40 PM ETYou say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.