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Why Travel and Entertainment Stocks Bounced Higher on Tuesday

TheMotleyFool

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Why Travel and Entertainment Stocks Bounced Higher on Tuesday

The market is moving higher on Tuesday and travel and entertainment stocks are among the biggest movers. After weeks of fears about the impact of the omicron variant of COVID-19, investors are now brushing it aside.

The most notable movers were Melco Resorts (NASDAQ: MLCO), Expedia Group (NASDAQ: EXPE), and Ashford Hospitality Trust (NYSE: AHT), all jumping double-digits at their high today. Booking Holdings (NASDAQ: BKNG), Marriott International (NASDAQ: MAR), MGM Resorts (NYSE: MGM), and Trip.com (NASDAQ: TCOM) were also up high single digits today.