After initial jitters, the S&P 500 recovered by a wide margin, rising 1.1% at the close of trading on November 9, 2016. Except for online travel agents, travel stocks also performed well.
Among airlines, Spirit Airlines (SAVE) and Allegiant (ALGT) rose the most, rising ~3% each. American Airlines (AAL) rose 1.7%, and Delta Air Lines (DAL) rose 1.6%. United Airlines rose 1.4%, and JetBlue Airways rose 1.3%, followed by Southwest Airlines, which rose 1.1%. Alaska Air Group rose 0.65%. No airlines were in the red.
However, all online travel stocks were in the red. Priceline (PCLN) fell 0.5% on the day, and Expedia fell 1.8%. Ctrip (CTRP) fell nearly 3%, and TripAdvisor (TRIP) fell almost 16.6%, mainly due to its earnings release on November 8, 2016.
Needless to say, individual company dynamics and earnings performances should also be taken into consideration when analyzing these stock performances.