Shares of airlines took flight Monday, following upbeat efficacy data on Moderna Inc.'s COVID-19 vaccine candidate. The U.S. Global Jets ETF (JETS) surged 4.2% in premarket trading, after being up 2.6% just before Moderna said its mRNA-1273 COVID-19 vaccine demonstrated 94.5% efficacy ( ), and that it can be stored for longer times at standard refrigerator temperatures ( ). Among the more active air carrier stocks, American Airlines Group Inc. (AAL) ran up 6.4%, Delta Air Lines Inc. (DAL) climbed 4.6%, United Airlines Holdings Inc. (UAL) hiked up 7.5%, JetBlue Airways Corp. (JBLU) soared 8.1%, Southwest Airlines Co. (LUV) jumped 5.5% and Spirit Airlines Inc. (SAVE) advanced 8.2%. The rally comes as futures for the S&P 500 rallied 1.2%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
November 16, 2020 07:20 ET (12:20 GMT)
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