Investors were greeted Monday morning with the most positive development yet in the race to find a COVID-19 vaccine, and are responding by rushing into some of the stocks most impacted by the pandemic.
Shares of airlines soared at the opening, with Hawaiian Holdings (NASDAQ: HA) jumping 42% and shares of American Airlines Group (NASDAQ: AAL) , United Airlines Holdings (NASDAQ: UAL) , Delta Air Lines (NYSE: DAL) , JetBlue Airways (NASDAQ: JBLU) , Spirit Airlines (NYSE: SAVE) , and Allegiant Travel (NASDAQ: ALGT) all up more than 20%.
Even the relative laggards, Southwest Airlines (NYSE: LUV) and Alaska Air Group (NYSE: ALK) , were each up more than 19% in early Monday trading.
For further details see:
Airline Stocks Soar at the Open: Is Now the Time to Buy?