The stock market closed with mixed results on Friday, with major U.S. indexes recording weekly gains despite the turbulence in the airline industry. The Dow Jones Industrial Average closed at 37,592.98 points, marking a 0.31% decrease, while the S&P 500 ended at 4,783.83 points, showing a 0.08% increase. The Nasdaq Composite also experienced a slight uptick, closing at 14,972.76 points, up by 0.02%.

However, the airline sector faced significant challenges, leading to a sharp decline in stock prices. Delta Air Lines saw its shares plummet by 8.6%, while United Airlines and American Airlines witnessed declines of 9.9% and over 8.7% respectively. Southwest Airlines also experienced a notable drop, contributing to a 4.8% decrease in an ETF comprising airline shares.

The market data further revealed that Delta Air Lines Inc. (DAL) on the NYSE closed at $38.47 USD, down by 8.97%, while United Airlines Holdings Inc. (UAL) on the Nasdaq ended at $39.78 USD, reflecting a 10.63% decrease. American Airlines Group Inc. (AAL) on the Nasdaq closed at $13.21 USD, down by 9.46%, and U.S. Global Jets ETF (JETS) on the NYSE Arca finished at $18.16 USD, showing a 5.07% decrease. Southwest Airlines Co. (LUV) on the NYSE also saw a decline, closing at $28.57 USD, down by 4.26%.

The turbulence in the airline industry was attributed to various factors, including Delta’s guidance and the rise in oil prices. As a result, the S&P 500 was impacted by the downturn in airline stocks.

Despite the challenges faced by the airline sector, the overall market performance for the week reflected a mixed but resilient trend. Investors closely monitored the developments in various industries, including the impact of earnings reports on bank stocks.

As the market continues to navigate through dynamic shifts, the resilience of major U.S. indexes in the face of sector-specific challenges underscores the complexity and adaptability of the financial landscape.