Constellation Brands, Allstate, Delta Air Lines, and More | Global News Avenue

U.S. stocks fell sharply at midday as a stronger-than-expected December jobs report stoked concerns. Fed Will delay future interest rate cuts. this Dow Jones Industrial Average, S&P 500 Indexand Nasdaq Both fell by about 2%.

Constellation Brand (streptozotocin) was the worst-performing stock on the S&P 500 after the beer, wine and spirits maker slashed its guidance for lower consumer spending.

Allstate Stock (all) and rival insurance companies fell on estimates that wildfires in California could cause as much as $150 billion in damage.

AbbVie (ABBVThe biotech’s shares fell when it reported it would take an impairment charge of about $3.5 billion after a schizophrenia drug failed in a Phase 2 trial.

Delta Air Lines (DarThe airline’s shares soared when it gave a better-than-expected outlook, with CEO Ed Bastian saying 2025 would be the airline’s best year ever.

Walgreens Boots Alliance stock (world boxing association) shares rose after the drugstore chain beat profit and sales estimates as it implemented cost-cutting measures.

Air Products and Chemicals (APD) Shares rise as proxy adviser Glass Lewis calls on shareholders to vote for board candidates activist investor Mantle Ridge calls for major changes to industrial gas suppliers.

Oil futures took off on new U.S. sanctions on Russian crude. Gold prices rise. The dollar rose against the euro and pound but fell against the yen. Most major cryptocurrencies were higher.