SAVE - Stock Market News: Why Airline Stocks Gained Altitude Wednesday
The stock market continued to gain ground on Wednesday morning, buoyed by hopes for a successful economic recovery along with some positive earnings reports from well-regarded tech companies. Market participants have been increasingly optimistic about the prospects for businesses to bounce back from the disruptions that the coronavirus pandemic has wrought over the past several months. Just before 11 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 320 points to 26,062. The S&P 500 (SNPINDEX: ^GSPC) had risen 32 points to 3,113, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had picked up 60 points to 9,668.
Airline stocks were among the big winners on Wednesday morning, with gains that easily topped the broader markets' moves higher. Even though the coronavirus-related challenges that airlines face are particularly difficult, investors like the signs they're seeing that suggest travelers want to get back in the air.
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