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Benzinga

Business

Henry Khederian

UNCOVERED: Here s why airbnb shares are moving | History Defined

Airbnb ABNB Airbnb Inc Nasdaq

Shares of several companies in the hotels, restaurants and leisure sectors, including Airbnb Inc (NASDAQ:ABNB), are trading higher amid overall market strength as stocks rebound following Tuesday weakness. Investors continue to assess inflation and Fed rate hike outlook as well as corporate earnings.

Travel-related stocks may also be trading higher in sympathy with Delta Air Lines (NYSE:DAL) after the company reported better-than-expected first-quarter EPS.

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