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Why Airbnb Stock Climbed Today

TheMotleyFool

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Why Airbnb Stock Climbed Today: https://g.foolcdn.com/editorial/images/705089/airbnb-stay-new-york-2.jpg

Growth stocks including Airbnb (NASDAQ: ABNB) charged higher Monday after a fiscal policy about-face in the U.K. jolted global markets. In addition, Bank of America delivered a solid earnings report, the latest data point to show that the U.S. economy remains stable despite rising interest rates and high inflation.

There was no company-specific news relating to Airbnb, but the travel stock benefited from the broad tailwinds in the market, especially the weakening dollar.

Airbnb stock closed the session up 6.7%, while the Nasdaq Composite index tacked on 3.4% for the day.

Source Fool.com

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