The U.S. national ground stop order is set to be lifted soon. The order had previously weighed on U.S. stocks and aviation concept stocks.
12 minutes ago
According to Air Current, the nationwide U.S. ground stop order is set to be lifted. After the U.S. Federal Aviation Administration (FAA) issued a nationwide ground stop order to all airports Friday morning due to a special situation, S&P 500-tracking ETFs temporarily fell 0.5% in after-hours trading, while Nasdaq 100-tracking ETFs dropped 0.8% at one point. Airlines were also weighed down by the news: United Airlines declined 1.2%, JetBlue Airways fell 2.4%, and American Airlines dropped 1.7%. Conversely, cybersecurity stocks advanced: Palo Alto Networks gained 2%, Zscaler rose 1%, and CrowdStrike increased 2%. The ground stop is tied to a communications frequency failure in the air traffic control (ATC) system. U.S. Transportation Secretary Sean Duffy previously said all en route air traffic control centers were affected by the communication issues, and technicians are probing the root cause of the fault. The Federal Bureau of Investigation (FBI) has concluded that the ATC communication outage was not caused by a cyberattack or criminal act. Investigators are currently checking whether the fault is linked to a software update.
Bitcoin fell below $68,000 again early this morning, with $1.291 billion in liquidations across the network over the past 24 hours.
1 minutes ago
U.S. Federal Aviation Administration: Ground stop order has been canceled.
1 minutes ago
U.S. stocks close: Nasdaq down 0.91%, Nvidia falls for six straight weeks, semiconductor sector remains under pressure.
1 minutes ago
A petition website demanding NVIDIA's board of directors reinstate Jensen Huang has seen a surge in traffic, with over 11,000 signatures.
1 minutes ago
Microsoft apologizes for global service outage: The outage is unrelated to cyberattacks and AI agents, and the full recovery time remains undetermined.
1 minutes ago
Expectations of a December interest rate hike by the Federal Reserve are largely confirmed, with markets pricing in further rate hikes in January and March next year.
1 minutes ago
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