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Airline stocks rebound after many major carriers plunged to a 52-week trading low on Monday. In response to the recent rise, the U.S. Global Jets ETF (NYSEARCA:JETS) has jumped 10.4% since Monday's close as the fund is now +5% on Wednesday afternoon. Supporting JETS and it...
Stocks posted sharp gains on Wednesday as recently surging commodity prices cooled off while the war in Ukraine continues. The Dow Jones Industrial popped 645.74 points, or 1.9%, to 33,278.38. The S&P 500 hiked 95.89 points, or 2.3%, to 4,266.59. The NASDAQ Composite leaped ...
Travel and leisure stocks broke sharply higher on Wednesday as a potential meeting between the foreign ministers of Russia and Ukraine lifted sentiment that a settlement could eventually be worked out. Despite inflation and interest rate risks in the market, some analysts are pointing to the ...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips It seems the airline industry simply can’t catch a break. After nearly two years of declining demand, travel prospects were finally up as Covid-19 restrictions began to loosen. Unfortunately, airline stocks are fac...
United Airlines to Present at the 2022 J.P. Morgan Industrials Conference PR Newswire CHICAGO , March 8, 2022 /PRNewswire/ -- United will present at the J.P. Morgan Industrials Conference on Tuesday, March 15 , beginning at 10:20 a.m. CT / 11:20 a....
Concerns that high oil prices would cut into global economic growth prompted a massive stock sell-off on Monday. The Nasdaq dropped 3.6% on the session, while the S&P 500 challenged the 4,200 mark and recorded its lowest close since June. The spike in fuel costs sent airline stocks reelin...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips We’re on day three of notable selling pressure ever since the S&P 500 failed at a key resistance area. With that in mind, we now turn our attention to a few top stock trades for this week. Top Stock Trades ...
United Airlines Holdings (UAL -14.6%) fell sharply on Monday on concerns that higher jet fuel prices will cut into Q1 profitability. Volume on UAL was over 36M shares. "The higher fuel will more than wipe out better revenue near-term resulting in modest reductions to 1Q22 estimates," warned M...
The U.S. Global Jets ETF (NYSEARCA:JETS) and it's $3.4B assets under management have felt selling pressure lately, as investors dump shares of the exchange traded fund. The recent spike in oil prices, fueled by Russia's invasion of Ukraine, has pushed the airline sector sharply lower. I...
Monday brought continued uncertainty to Wall Street, and major market benchmarks fell sharply as investors tried to figure out what the future might bring. Between soaring consumer prices, the prospect for rising interest rates, and energy markets facing another round of disruptions, market...
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United Is First Airline to Purchase Sustainable Aviation Fuel (SAF) for O'Hare International Airport PR Newswire Governor Pritzker joins United leaders to highlight the role that Illinois SAF tax credits played in paving the way for SAF at O'Hare in 2024; first supply to arriv...
United Applies to Expand Service Between San Francisco and Washington National Airport PR Newswire Proposed new daily nonstop flight from San Francisco and Washington National will provide more options and flexibility for travelers, as well as easy connections to more than...