American Airlines Group Inc.

(NASDAQ:AAL) stock traded lower on Friday as volatile oil markets and reduced forward earnings guidance weighed on the carrier.

The Nasdaq is up 0.85% while the S&P 500 has gained 0.34%.

Oil Market Volatility Crude oil traded around $77 per barrel on Friday as investors weighed negotiations between Iran and Oman regarding the Strait of Hormuz.

Optimism faded following reports that Iran sought to exclude U.S. and Israeli vessels while imposing transit fees.