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Benzinga

Business

Henry Khederian

Here's Why Airbnb Shares Are Moving

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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One subscription that gives you access to news from hundreds of sites

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Israeli ambassador to Australia says he hopes for return to ‘traditional friendship’ on October 7 anniversary eve

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