On Tuesday, the S&P 500 stock index ended the day in a correction, a Wall Street term for a big decline from a current high. Shares of Southwest Airlines fell 2 % after the corporate mentioned in its quarterly earnings report that it expects to report a loss for the primary three months of 2022 amid headwinds caused by the Omicron variant. In a separate report on Thursday, the Labor Department mentioned weekly claims for state unemployment advantages fell final week after three consecutive weeks of increases. There were 260,000 new claims for unemployment insurance, down from 290,000, a dip that might suggest a slowdown of the Omicron variant’s effects on the labor market.
