Tuesday, October 18, 2022
North America

U.S. Businesses Pare Back Travel Restrictions

  • The DJIA was up 338 points while Nasdaq was up 97, the S&P 500 was up 42 points, while the 10-year treasury yield was down nearly .02 to 4.00%.
  • Evercore ISI Group upped its rating on DiamondRock Hospitality to Outperform from In-Line.
  • US Travel’s latest Business Travel Tracker finds American companies increasingly paring back pandemic-era restrictions on business travel

The DJIA was up 338 points while Nasdaq was up 97, the S&P 500 was up 42 points, while the 10-year treasury yield was down nearly .02 to 4.00%. Lodging stocks were modestly higher. SOHO led the group, up 7% while INN was up 5%. Evercore ISI Group upped its rating on DiamondRock Hospitality to Outperform from In-Line. US Travel’s latest Business Travel Tracker finds American companies […]