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Mixed Performance in U.S. Stocks; Delta Air Lines and Genius Group Shares Fall

Indian economy faces challenges with cooling industrial output and rising inflation; Tesla to suspend operations in Berlin due to component shortage.

  • U.S. stocks traded mixed with the Dow down 0.28% and the S&P 500 and NASDAQ turning higher. Energy shares jumped by 1%.
  • Delta Air Lines shares fell more than 8% following the release of its fourth-quarter results, despite beating consensus estimates.
  • Genius Group Limited shares dropped 47% after the company announced pricing of an $8.25 million public offering.
  • Indian economy faced a double whammy as industrial output cooled and inflation jumped, with industrial output growth falling to an eight-month low of 2.4% in November and consumer price index (CPI)-based inflation rising 5.69%.
  • Tesla plans on suspending operations in Berlin for two weeks from Jan. 29 to Feb. 11 due to a shortage of components needed for manufacturing, caused by ongoing attacks on vessels in the Red Sea.
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