Yahoo Finance's Ines Ferre provides an overview of the market following last week's volatility as investors weigh concerns about Omicron variant risks and Tesla is under fire due to solar panel defects.
Over the weekend, a top U.S. health official delivered some encouraging news about the pandemic. American Airlines Group (NASDAQ: AAL) is leading the way higher on Monday, up more than 10% as of 1 p.m. ET, with shares of Delta Air Lines (NYSE: DAL), United Airlines Holdings (NASDAQ: UAL), Southwest Airlines (NYSE: LUV), JetBlue Airways (NASDAQ: JBLU), Spirit Airlines (NYSE: SAVE), and Brazil's Azul (NYSE: AZUL) each up 5% or more.
European regulators have issued a preliminary warning that patches of lightning protection may have been wrongly fitted on over a dozen Airbus A350 jets, while Delta Air Lines has joined a list of carriers facing "paint issues". The proposed safety warning marks the first time manufacturing has come under regulators' spotlight amid a growing commercial and industrial headache over flaws on the skin of the jets, which Airbus insists are safe to fly. The European Union Aviation Safety Agency (EASA) said in a proposed airworthiness directive that Expanded Copper Foil (ECF), designed to safely disperse lightning strikes, may not have been installed properly on the wing covers of 13 jets.