Airline stocks enjoy big, broad bounce after Fauci's encouraging comments on omicron variant

Airline stocks took formation Monday, arsenic immoderate encouraging comments from Dr. Anthony Fauci regarding the omicron variant's severity helped calm capitalist fears regarding imaginable aboriginal question restrictions. The U.S. Global Jets ETF JETS, +7.70% jumped 7.2% successful midday trading, toward its biggest one-day summation successful 13 months, with 43 of 50 equity components gaining ground. The ETF has present gained 11.3% since closing astatine a 13-month debased connected Dec. 1. Among the champion performing and most-active U.S.-listed components, shares of United Airlines Holdings Inc. UAL, +11.53% climbed 11.1% successful midday trading, was the S&P 500's SPX, +1.43% second-biggest gainer and was connected way for the champion time since Nov. 9, 2020. Among different more-active U.S. aerial carriers, shares of American Airlines Group Inc. AAL, +11.16% rallied 10.2%, Delta Air Lines Inc. DAL, +8.92% ran up 8.6%, Southwest Airlines Co. LUV, +5.56% roseate 5.3% and JetBlue Airways Corp. JBLU, +7.65% jumped 7.6%. The stocks' gains travel amid a wide marketplace rally, with the S&P 500 up 1.2%.