Sectors Mixed as Airlines Bounce Back, Insurers Don't
Several sectors retraced ground either gained or lost in yesterday's wild ride, with most airline shares ending higher despite concern about the timing of an aid package.
The Transportation Secretary said he hoped to have a package to aid the reeling industry through Congress by early next week. Investors, who were worried by talk of bankruptcies on Monday, sold on the news, having hoped for a quicker resolution. But the selling didn't erase all the gains.
AMR (AMR), the parent of American Airlines and TWA, closed up 12.1%, to $20.17. Delta Air Lines (DAL) also gained, up 11.5%, to $23.01. UAL (UAL), the holding company for United Airlines gained 8.6%, to $19.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV