jumped as much as 10.6% and 6%, respectively. In all, travel stocks were among the biggest winners in Monday trading.
The aforementioned names typically rally on news of a vaccine or treatment arriving sooner than expected. Yet recent case data suggests the names have an increasingly stable foundation to rest on. The US reported 34,567 new coronavirus cases on Sunday, according to data from Johns Hopkins University. The reading is down from 44,572 on Saturday and is the lowest daily addition in more than two months. Daily new cases have landed below 50,000 for nine days straight.
Other markets rallied in part on hopes for near-term resumption of travel activity. Oil futures jumped, withNow read more markets coverage from Markets Insider and Business Insider:
Setting the stage for a second wave. Hey, why not? We can spend another $4 trillion to bail out the economy again in 2021. It may be the new normal.
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