The customers may have complained when Southwest changed course and started charging fees for bags and premium seats, but its shareholders should be over the moon after the stock had its best day since (double-checks notes) 1978 on Thursday. Not only did the carrier rake in beaucoup bucks for bags, but a knock-on effect of fewer bags checked overall meant the airline spent less on fuel.
The S&P 500 and Nasdaq 100 traded lower on Thursday while the Russell 2000 posted a modest gain. Communications was the best-performing sector while tech was the worst-performing sector. Crypto suffered a broad sell-off, with bitcoin falling below $85,000 for the first time since November.
The biggest thing on traders’ minds this morning? The report that dropped after market close that SpaceX is considering a merger with Tesla.
