Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.3%), Nasdaq Composite (+0.5%), and DJIA (-0.4%) continue to trade in a mixed fashion as the afternoon progresses. 

CNBC reports that the Trump administration is formally withdrawing a Biden-era proposal that would have provided passengers compensation for delayed flights.

Airline stocks, such as Delta Air Lines (DAL 58.59, -1.32, -2.20%), United Airlines (UAL 95.34, -1.83, -1.88%), and Southwest Air (LUV 32.76, -0.28, -0.86%), are under pressure today as airlines continue to navigate cancellation issues stemming from the government shutdown.

On the trade front, Bloomberg reports that President Trump will sign an order later today lowering tariffs on beef, tomatoes, coffee, and bananas.