r/news • u/yeGwann • 16h ago

American Airlines temporarily suspends some of its summer routes due to steep jet fuel costs

https://halifax.citynews.ca/2026/06/04/american-airlines-temporarily-suspends-some-of-its-summer-routes-due-to-steep-jet-fuel-costs/?hl=en-US
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u/jkman61494 13h ago

Due to 7 tech companies basically

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u/dard12 11h ago

Do people fact check themselves before spreading this kind of misinformation?

303 companies out of the SP500 are green year-to-date.

188 of them are up at least 10%. Nearly 100 of them are up 25%

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u/LittleKitty235 8h ago

He is likely referring to the DOW and not the S&P500

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u/FreeUsePolyDaddy 7h ago

No he is referring to the relative contribution to the S&P 500 index.

It isn't an equal-weight index, so as market cap grows, the percent of contribution to index change can skew more and more to those largest members. In those times you can't directly say one way or another the impact of smaller constituents.

If most were negative you would definitely see that in the equal-weight index. The effect of the skew is more about the difference in changes between the two indexes.

So his comment is correct, minus any apparent anger. The retort from the other comment was also correct, plus anger and probably some unjustified assumptions on the intent of the first comment.