Market volatility marked Tuesday's trading. United and Delta Air Lines surged on rising airfares and positive inflation data, while Spirit Airlines plummeted over 40% due to cash flow concerns. Paramount Global rallied after its UFC deal. Cardinal Health dropped after a disappointing earnings report, and Axon Enterprise fell on insider selling. Semiconductor stocks gained, and On Holding soared on strong results. The Fed rate cut likelihood increased following the inflation report, while BigBear.ai plunged on contract uncertainty. Circle Internet Group's stock rose on positive earnings.

Prepared by Christopher Adams and reviewed by editorial team.