The market rebound has stalled at the same time the recovery in airline travelers has slowed

The S&P 500 closed at 3,232 on June 8, but then sold off later that week and has been slowly climbing back since.

At the same time, the rate of growth in travelers going through airports checkpoints run by the Transportation Security Administration has slowed. The tepid recovery for air travel has some airlines calling for another multibillion-dollar relief package for the industry from the federal government. Passengers wait to disembark the plane on their arrival at Hartsfield-Jackson Atlanta International Airport in Atlanta, on April 23, 2020.The rally in the broader U.S. stock market has taken a breather in recent weeks, mirroring a slowdown in the recovery of one of the sectors hardest hit by the pandemic — air travel.closed at 3,232 on June 8, but then sold off later that week and has been slowly climbing back since.

At the same time, the rate of growth in travelers going through airports checkpoints run by the Transportation Security Administration has slowed. Over the past week, the number of travelers has been between 20% and 30% of those on the

The yoyo line is dropping before coming back up.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks rise on vaccine hopes; S&P 500 back within 5% of highMarkets worldwide rallied on rising hopes for a COVID-19 vaccine Wednesday, and the S&P 500 climbed back to where it was a few days after it set its record early this year. Like betting on horse races... They are banking on a vaccine that is still months away. But ignoring the rising cases, reports of mutations and short lived immunity for the previously infected, and the gross incompetence of the Trump administration’s handling of the crisis. Every time the media writes about the stock market, a small part of me dies.
Source: latimes - 🏆 11. / 82 Read more »

Dow Rallies Over 500 Points As JPMorgan, Wells Fargo Jumpstart Earnings SeasonThe Dow rallied over 500 points as JPMorgan and Wells Fargo jumpstarted the earnings season by skleb1234 skleb1234 skleb1234 Boss skleb1234 $JPM JPMorgan shares jump after record trading revenue drives stronger-than-expected second quarter profit JPMorgan earnings revenue trading Shares investment filingsearch wednesdaymorning
Source: Forbes - 🏆 394. / 53 Read more »