Keep pulling the thread on Closing Bell.
Brent crude oil prices reached $100 per barrel for the first time since April 13.
United Airlines plans to cut its flight capacity by five points for the remainder of the year.
United Airlines lowered its full-year adjusted earnings per share guidance to a range of $7 to $11, down from a previous range of $12 to $14.
Sam Dark of Goldman Sachs predicts that the manufacturing sector will be negatively impacted next by rising energy costs, specifically due to increases in chemical prices.
Following news related to the conflict with Iran, equity markets and Treasury prices declined, while yields increased by a few basis points.
The Dow Jones Industrial Average closed down 300 points, or approximately 0.6%.
The Russell 2000 index closed lower by about 28 points, or approximately 1%.
United Airlines reported earnings per share of $1.19, beating the analyst consensus estimate of $1.09.
United Airlines reported operating revenue of $14.6 billion, which was slightly higher than the average analyst estimate.
United Airlines forecasts its capacity for Q3 and Q4 to be between flat and up 2% year-over-year.
United Airlines has begun adjusting its flight schedule for the remainder of 2026 to account for higher fuel prices.
The low end of United Airlines' new EPS guidance range ($7) is below the analyst consensus estimate of $9.08.