Check out the companies that made headlines in midday trading: American Airlines — Shares fell less than 1%, recovering from earlier losses after American Airlines temporarily grounded all flights due to technical issues. . Broadcom — Shares rose 2%, extending December’s gains. The stock has soared more than 46% this month and is expected to rise more than 112% in 2024. Major Banks — Following news that a group of banks and business groups are suing the Federal Reserve over its annual stress tests, which they say “create erratic and unaccountable requirements and restrictions on bank capital.” Shares of major banks in the region rose more than 1%. Citigroup, JPMorgan and Goldman Sachs shares each rose more than 1%. Arcadium Lithium — Shares rose more than 4% after the company said shareholders approved its $6.7 billion sale to Rio Tinto. The deal is expected to close in mid-2025. International Seaways — The energy transportation provider soared 8% following the announcement that the company will be added to the S&P SmallCap 600 index on Dec. 30. The company will replace Consolidated Communications, which will soon be acquired. Cryptocurrency stocks — Share prices of stocks tied to the price of Bitcoin rose as the cryptocurrency recouped recent losses amid a broad rally in technology stocks. Crypto service provider Coinbase rose about 3%, while Bitcoin proxy MicroStrategy rose more than 5%. Miners Riot Platforms and IREN rose 6% and 4%, respectively. U.S. Steel — The steelmaker’s stock price remains flat amid news that President Joe Biden will decide on the fate of Japan’s Nippon Steel’s takeover bid after a government committee failed to reach a decision. There is. Apple — Apple stock rose 0.9% to a new all-time high. The stock is up nearly 34% since the beginning of the year. —CNBC’s Sean Conlon, Lisa Han, Tanaya Machel and Alex Harring contributed reporting.
