Shares of airlines took flight Monday, following upbeat efficacy data on Moderna Inc.’s COVID-19 vaccine candidate. The U.S. Global Jets ETF JETS, +4.78% surged 4.2% in premarket trading, after being up 2.6% just before Moderna said its mRNA-1273 COVID-19 vaccine demonstrated 94.5% efficacy, and that it can be stored for longer times at standard refrigerator temperatures. Among the more active air carrier stocks, American Airlines Group Inc. AAL, +4.25% ran up 6.4%, Delta Air Lines Inc. DAL, +6.05% climbed 4.6%, United Airlines Holdings Inc. UAL, +5.80% hiked up 7.5%, JetBlue Airways Corp. JBLU, +5.75% soared 8.1%, Southwest Airlines Co. LUV, +4.67% jumped 5.5% and Spirit Airlines Inc. SAVE, +8.94% advanced 8.2%. The rally comes as futures ES00, +1.05% for the S&P 500 SPX, +1.36% rallied 1.2%.
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