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Shares of Mercury Systems (NASDAQ: MRCY) rallied on Tuesday, breaking out after the aerospace and defense technology provider reported robust fourth-quarter results and received an analyst upgrade alongside multiple price-target hikes.The company, which supplies subsystems, computing processing, and analytics platforms for aerospace and defense firms, posted adjusted earnings of $0.47…

US airline stocks closed significantly higher on Tuesday after Spirit Airlines, a budget air carrier , issued a dire warning that it will fail to survive as a going concern without fresh capital.Additionally, the US Labor Department reported an increase in July airfares (the first in six months), further injecting…