Stock Market Today: Start of Earnings Season Gets Stocks off the Ground

Delta Air Lines, Fastenal kick off Q1 earnings season with Street-beating figures, helping to spearhead a market rebound Wednesday.

Delta plane
(Image credit: Getty Images)

U.S. equities managed to snap their slide Wednesday as the first-quarter earnings season got off to a decent start.

Delta Air Lines (DAL, +6.2%) was one of the sharpest gainers in the S&P 500 after the airline posted both strong Q1 results and delivered a cheerful Q2 forecast. DAL's $9.35 billion in revenue topped expectations for $8.92 billion, while its net loss of $1.23 per share was under the $1.27 analysts were looking for. On top of that, Delta says second-quarter revenues will recover to just 3% to 7% below the pre-pandemic levels of Q2 2019 thanks to expectations of a robust travel season.

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for, and the Managing Editor for before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.