Why Vail Resorts, Eldorado Resorts, and Marriott International Stocks All Popped 10% (or More) Today
Monday opened with a surge of new optimism about U.S. stocks in general, and stocks in hotel and resort operators in particular. As of 11:45 a.m. EDT, shares of mountain skiing specialist Vail Resorts (NYSE: MTN) are climbing 10.8%, hotelier Marriott International (NASDAQ: MAR) is up 13.8%, and casino operator Eldorado Resorts (NASDAQ: ERI) is doing best of all -- gaining 19.5%.
Let's begin with the big picture. The stock market as a whole is up today, with the S&P 500 index climbing more than 3% in response to positive interim phase 1 data on a vaccine under development by Moderna Inc., which suggests that the drug in question, mRNA-1273, "elicits an immune response of the magnitude caused by natural infection."
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Source Fool.com
