Lake Tahoe

The DJIA was added 0.1% while Nasdaq slid less than 0.1%, the S&P 500 added 0.1% compared with Friday and the 10-year treasury yield ended at 3.414%, up slightly from Friday. Lodging stocks were mostly higher, including even ABNB getting a modest boost. SOND remained near its low. NewcrestImage has plans to acquire more than 100 hotels this year, reported CoStar. So far in 2023, […]

The DJIA rose 7 points but Nasdaq surged 232, the S&P 500 was up 43 points and the 10-year treasury yield plunged .13 to 3.40%. This was all on the Fed giving Wall Street what they wanted with only a .25 interest rate hike and more dovish comments. Lodging stocks were higher. MCG led the group with a 12% rise while VCSA ended […]

The DJIA fell 483 points while Nasdaq was down 222, the S&P 500 fell 73 points and the 10 year treasury yield was up .07 to 3.60%. Lodging stocks were lower. AINC was the bright spot, up 15%. SLNA fell another -9% to another all time low. VCSA fell another -6% to another all time low. MCG was down -7%, AHT was down […]

The DJIA fell 643 points while Nasdaq was down 2.6% or 324 points while the S&P 500 fell 90 points. The 10-year treasury yield was up .05 to 3.04%. When it comes down to it, interest rates drive equity declines or gains. Lodging stocks were lower. AHT was the big mover, down -8%. Raymond James believes the recovery in global travel still has plenty […]