Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.2%), Nasdaq Composite (-0.2%), and DJIA (-0.3%) trade in a tight range above their session lows just before midday. 

Delta Air Lines (DAL 59.86, +2.74, +4.81%) is one of the top-performing names in the S&P 500 after delivering a strong Q3 performance that easily topped expectations.  EPS came in at $1.71, up 14% year-over-year and well ahead of estimates, while revenue rose over 6% year-over-year to a Q3 record of $16.67 billion.

Importantly, Delta's strong results and confident outlook set an optimistic tone for the airline industry as peers prepare to report their own Q3 earnings, with United Airlines (UAL 101.47, +3.38, +3.45%) also trading higher today. 

Despite the gains in airline names, the industrials sector (-0.9%) holds the widest loss so far, with a majority of names seeing some profit-taking after the sector captured a 0.9% gain yesterday.