LUV - Hot Stocks: Airlines rally; AKAN pops in debut; ANIP COUP plunge on earnings; ABBV hits high

Lower oil prices and hope of a negotiated end to the conflict in Ukraine contributed to a stock rebound on Tuesday. The Nasdaq led the advance, climbing by about 2.9%, while the S&P 500 posted a gain of 2.1%. Airline stocks had a particularly strong day, bolstered by the drop in crude and by a wave of upbeat forecasts released by some of the industry's biggest names. This fed notable gains in Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL) and Southwest Airlines (NYSE:LUV). Elsewhere in the market, Akanda (AKAN) drew investor attention in its first session as a public company. The stock more than doubled following its IPO. AbbVie (NYSE:ABBV) also showed strength. Although the daily gains were modest, the advance added to a long-standing upswing, allowing the stock to set a fresh 52-week high. Some stocks were left out of the overall rally. ANI Pharma (NASDAQ:ANIP) and Coupa Software

For further details see:

Hot Stocks: Airlines rally; AKAN pops in debut; ANIP, COUP plunge on earnings; ABBV hits high