Why Travel and Hospitality Stocks Surged on Monday
Stocks surged sharply higher on Monday, with the major indices up more than 7% at the end of the trading day. Despite a weekend that showed a still-rising number of cases of COVID-19 around the world, and the U.S. in particular heading for what could be a brutal and deadly peak, there was also reason for optimism. In some of the hardest-hit countries, there were signs that the worst phase of the pandemic's growth might be over, and that the numbers of new daily COVID-19 diagnoses, and deaths from the disease, are about to start falling.
As a result of this glimmer of hope, investors charged headlong into the market Monday. Hotel, travel, and hospitality stocks were some of the biggest gainers, including the five below.
Source: Yahoo! Finance.
Source Fool.com
