3 Late-Afternoon Trends Taking Over Wall Street

As the afternoon buzz subsides and we swing into late-afternoon trading, let's take a quick look at a few of the biggest trends circling Wall Street right now:

C-Suite Life on (Flight) Deck

• American Airlines Group Inc (NASDAQ:AAL) is sliding 1.5% this afternoon amid discourse surrounding the company's latest c-suite clear out. CEO Robert Isom said the airliner is "entering a defining moment" as it saw the departure of three leadership staff and the addition of four new faces. 
• Isom also noted the "meaningful gap" between where the firm is now, to where it hopes to be in relation to its rivals. Today's drop is pulling AAL back below its year-to-date breakeven level.

Open the Door for AI's Sam Altman

• OpenAI's Sam Altman is making headlines after saying the prospect of working at Goldman Sachs (GS) sounds "unbelievably terrible" now, despite being offered an internship during his time at Stanford.
• Ironically, OpenAI has been pulling raw talent from investment firms, bringing in more than 100 former investment bankers to help build model workflows so far. 

SpaceX is Out of This World

• Space Exploration Technologies Corp (NASDAQ:SPCX) stock is up 8.6% to trade at $144.39 today, after the aerospace giant launched 24 Starlink satellites on the Falcon 9 rocket. This marks the company's 51st flight off the West Coast in the U.S. this year.
• Today's pop has SPCX breaking above the $140 level, an area not conquered since mid-July. SPCX has struggled since its June initial public offering (IPO), now off 15.7% for the quarter.