Cablevision (CVC) topped the S&P 500 and Liberty Global (LBTYA) boosted the Nasdaq on speculation of further M&A activity in the cable industry after French company Altice bought U.S. cable group Suddenlink for just over $9 billion. The airline sector was significantly lower on Wednesday as industry watchers speculate carrier growth could outpace travel demand. Southwest Airlines (LUV) was the worst performer on the S&P 500 while American Airlines (AAL) bottomed out the Nasdaq. A June rate hike is looking unlikely after the majority of Fed members said recent data did not meet its targets in its April meeting minutes.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
