"I think really the market is saying maybe no rate cuts in 2025, and that the 10-year could very easily break well above 5%," Jeremy Siegel said.

U.S. stock futures quickly tumbled after the government said U.S. employers added a stronger-than-expected 256,000 jobs in December. Economists were expecting hiring to increase by 153,000. Futures for the S&P 500 fell 0.

U.S. stocks are sinking on worries that good news on the job market may prove to be bad for Wall Street by keeping inflation and interest rates high

Delta Air Lines expects a strong appetite for high-end travel to fuel profit in 2025, said Chief Executive Ed Bastian. The forecast comes as the airline posted better-than-expected revenue growth in the latest quarter as demand picked up.

If investors were questioning whether airline stocks could keep rallying, Delta Air Lines has provided an emphatic answer. The carrier’s fourth-quarter earnings and positive outlook for 2025 gave the sector’s stocks permission to take off again early Friday.

Shares of Delta Air Lines (DAL) rose on Friday after the airline reported fourth-quarter fiscal 2024 revenue and adjusted earnings that came in ahead of analysts' estimates. The carrier posted December-quarter profit of $843 million,