Why Travel and Leisure Stocks Jumped on Thursday
Shares of travel and leisure stocks were up broadly on Thursday as investors piled back into the industry. Three of the most notable movers today were MGM Resorts International (NYSE: MGM), which was up as much as 7.6%, Marriott International (NYSE: MAR), which climbed as much as 7.1%, and Sabre Corporation (NASDAQ: SABR), which jumped 12%. California Gov. Gavin Newsom said he didn't anticipate new lockdowns in the state, which could mean that travel to places like Las Vegas will continue unhindered.
