“Dow jumps 400 points as markets rebound from a brutal week”
June 21, 2022
“…The Dow Jones Industrial Average jumped 424 points, or 1.4%. The S&P 500 climbed 1.9%, and the Nasdaq Composite popped 2.3%. U.S. stock markets were closed Monday for Juneteenth.
Those moves follow last week’s declines that saw the S&P 500 post its worst week since 2020. Many investors fear that a bounce amid growing fears of a recession may be short-lived, though others expect that markets have more accurately priced in inflationary pressures…
Airline stocks soared amid hopes of a summer travel boom. Shares of Spirit Airlines jumped more than 8% after JetBlue raised its takeover offer to $33.50 a share, even as Spirit deliberates a proposed merger with Frontier Group. JetBlue’s stock price jumped 1.4%…”
https://www.cnbc.com/2022/06/20/stock-market-news-futures-open-to-close.html