Stock Markets Are Falling, but These 3 Once-Crushed Stocks Are at 52-Week Highs
The stock market opened the new week on a down note on Monday, although some portions of the market managed to avoid the full brunt of declines and clawed their way back over the course of the morning. Investors seem a bit nervous about volatility in the market overall, along with rising interest rates and oil prices that could accompany a full-on economic recovery.
As of just before noon EST, the Dow Jones Industrial Average (DJINDICES: ^DJI) had managed to claw itself into positive territory, rising 25 points to 31,519. However, the S&P 500 (SNPINDEX: ^GSPC) fell 19 points to 3,887, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) moved sharply lower by 215 points to 13,659.
Even as red-hot tech stocks led the Nasdaq lower, some sectors of the market did quite well. Indeed, in the once beaten-down airline stock sector, three stocks managed to set new 52-week highs, marking a full recovery from the ravages of the COVID-19 pandemic on their industry.
Source Fool.com
