The US started Thursday?s session with a rally before closing the day lower after Fed Chair Jerome Powell signalled the Fed?s will take aggressive actions, including half-percentage point interest rate hikes, to tackle rising inflation in the US. In tech news, Snap Inc rallied in after-hours trade following the release of the company?s first quarter results including sales increasing by 38% and daily active users up 18% on the prior corresponding period to 332 million users per day. A spotlight on United Airlines as shares in the US-based airline soared 9.3% on Thursday after the company also released first quarter results. Despite United reporting its ninth consecutive loss, and lower revenue than analysts? expected, Investors piled into United shares after the company said it expects to return to profitability in the second quarter. Just weeks after launching, new streaming service CNN+ will shut down on April 30th after new parent company Warner Bros. Discovery took over with conflicting goals with Warner Bros. Discovery?s HBO Max streaming service.
VIDEO: United Airlines soared 9.3% on Q1 results
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