Stock Market Today: SAVE Nosedives, SBGI Renews Fox Affiliation, TSLA Cuts Prices In Europe

The Dow Jones, S&P 500, Nasdaq-100, and Russell 2000 all closed in the red, along with all 11 S&P 500 sectors. Spirit Airlines (SAVE) continued its nosedive, falling 22% a day after a Federal Judge blocked JetBlue’s (JBLU) proposed $3.8B acquisition of Spirit. Sinclair Broadcasting Group (SBGI) shares ended nearly 18% higher after renewing its Fox affiliation in a multi-year deal, with its 41 markets nationwide. Tesla (TSLA) shares closed around 2% lower on news of price cuts on its Model Y in Europe, a week after similar price cuts in China. Tune in to find out more about what to watch tomorrow and the stock market today.

17 Jan 2024

SHARE

Schwab Network's Newsletters

Daily insights for every investor