Midday movers: Airline stocks, Tesla, AMC Entertainment and more

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By Liz Moyer

AiVIF.com -- Stocks were rising on Wednesday as investors eye a key report on inflation that could help the Fed decide on the next step with interest rates. Here are the midday movers for Jan. 11.

• Airline stocks rose after an early morning technology glitched forced aviation regulators to halt flights in the U.S. By mid-morning, flights were back in the air, but thousands remained canceled or delayed. American Airlines Group (NASDAQ:AAL) stock rose 1.9%, United Airlines Holdings Inc (NASDAQ:UAL) stock rose 4.3% and Delta Air Lines Inc (NYSE:DAL) rose 0.9%.
• Tesla Inc (NASDAQ:TSLA) shares rose 2.8% after the electric vehicle maker registered with Texas to expand its gigafactory near Austin. 

• AMC Entertainment Holdings Inc (NYSE:AMC) shares jumped 16.7% as the so-called meme stock trade appeared to be back on. Fellow meme stocks were also on the rise, including Bed Bath & Beyond Inc (NASDAQ:BBBY), up 41%, and GameStop Corp (NYSE:GME), up 5%.

• BlackRock Inc (NYSE:BLK) shares dipped 0.3% after the largest asset manager was reportedly preparing to lay off 500 people, or just under 3% of its workforce amid Wall Street's business slump.

• World Wrestling Entertainment Inc (NYSE:WWE) shares fell 1.8% after its co-CEO Stephanie McMahon announced she would leave the company. Her departure comes about a week after her father, Vince McMahon, announced he had returned to the sports entertainment firm.