CNBC Business News Update - Market Close: Stocks Higher, S&P 500 Index And Nasdaq Close At All Time Highs, Spirit Airlines May Be Rescued By Trump Administration 4/22/26

Episode Date: April 22, 2026

CNBC Business News Update with Jessica Ettinger - market numbers and news featuring CNBC expert analysis and sound from top business names. Visit https://www.cnbc.com/ for more. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

I'm Jessica Eddinger, CNBC. Wall Street opens Thursday morning after a winning Wednesday for stocks. The S&P 500 Index and the NASDAQ each notched fresh record highs. Let's start with the Dow. It was up 340 points, 7 tenths of 1%. Boeing shares led the Dow higher. It reported strong quarterly results. Boeing was up 5% Wednesday. The S&P 500 Index was up 73 points, 1% closing at 7%. thousand one hundred thirty seven and the nastak up three hundred ninety seven points one and a half percent closing at 24 thousand six hundred fifty seven shares of invidia were up one point three percent on wednesday and companies who shares hit fresh all time highs wednesday include dell cisco texistis

instruments sandisk and broadcom to name a few investors overall cheered the ceasefire in iran some believe there's some back channel negotiating going on The market is telling you, yeah, it does not matter to the extent that many people thought it might have mattered just six weeks ago or seven weeks ago. Investco's Brian Levitt on CNBC. Bitcoin hit its highest level since February 2nd, topping 79,180. Oil climbed higher. U.S. crude up to $93 a barrel. And even with higher oil, stocks rose in Rapids.

Bob McNally is in disbelief. This disconnect between the financial markets, the equity, markets and every barrel counter I know, myself included, who sees a disaster coming. It is amazing to watch. Rapid Dance Bob McNally on CNBC. Spirit Airlines is close to liquidation, and it may be President Trump to the rescue. We can confirm that the Trump administration is putting together some type of a package that would keep Spirit Airlines from essentially going out of business.

They are close to liquidation. They're in bankruptcy. and part of coming out of that bankruptcy plan has been derailed because of the rising cost for jet fuel. Wall Street Journal reported earlier today that there is a rescue deal that is being put together for Spirit Airlines. My understanding is it is not final. It would likely be in the neighborhood of about $500 million with the federal government likely taking some warrants. CNBC's Phil LeBoe. United Airlines meantime is strong as the airline's been raising prices for weeks now for plans.

tickets as jet fuel has doubled in price this year. United CEO Scott Kirby tells CNBC airfares, by the way, are not likely to come back down. And consumers are still paying them, although they may not into the fall. Elasticity effect is CEO speak for customers who will eventually balk at higher airfares and maybe won't fly. We do anticipate that will turn into some kind of elasticity effect if there's a 15 to 20 percent increase in fares that is going to at some point drive less demand. That's partly why we're going to pull some capacity by the time we get to the fourth quarter. High fuel prices just means there's going to be less demand to fly in the third and fourth quarter. Jet fuel supply, hurting European airlines, which are starting to cancel flights.

Deutsche Lafanzas says that it will cancel some European routes and 20,000 short-haul flights that are scheduled between now and October in a bid to try and save jet fuel. European airlines have been struggling with potential shortages and higher prices, the war in Iran. That's CNBC's Becky Quick. On Thursday's watch list, we get earnings from American Express, American Airlines, Honeywell, Intel, and Corrig, Dr. Pepper. We find out how many people applied for unemployment benefits last week. The NFL draft begins Thursday evening in Pittsburgh. Jessica Eddinger, CNBC.