Finance & Investing

Airline Demand Back Up | May 25 | Eagle Nest

Monday, May 24, Market Recap

Good Evening,

Today, May 20…

The DJIA fell 0.24%
The S&P 500 was down 0.21%
The Nasdaq Composite slipped 0.03%

Tech led the market today.

General Market Review

Industrials

Due to higher optimism on increasing travel demand, many airlines were in the green. United Airlines and American Airlines raised guidance for second quarter revenue. Shares were up 1.50% and 0.96%, respectively.

Tech

The District of Columbia filed a lawsuit against Amazon for alleging that Amazon prevents sellers from offering lower prices on other websites. Amazon was up 0.43%. Bond yields rose with fears of inflation.

Energy

US crude inventories fell 439,000 last week, while expectations were a build of 620,000 million barrels. Occidental Petroleum fell 3.19%.

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