(Reuters) -Online travel agency Booking Holdings Inc reported a smaller-than-expected quarterly loss on Wednesday as increasing COVID-19 vaccination r.
TechnologyBooking signals vaccine-led travel rebound in U.S., UK as Asia lags
Sanjana Shivdas
2 minute read
Booking Holdings Inc (BKNG.O)welcomed a rebound in travel demand in the United States and Britain as more people planned holidays after getting vaccinated, but Asia remained on the back foot as its health crisis worsened.
The online travel agency s shares were marginally higher in extended trade on Wednesday, as optimism around its narrower-than-expected quarterly loss was softened by a lackluster outlook for international travel.
Booking warned that it would take years for a full recovery in international travel, as governments may be cautious in opening borders for tourists.
Dow climbs to a fresh record high, tech weakness sinks Nasdaq
Meanwhile, private sector figures showed 742,000 jobs were added last month, up from 565,000 in March
4:15pm: Major indices end mixed
The Dow ended Wednesday up 97 points, 0.3%, at a record close of 34,230. The Nasdaq, meanwhile, slumped 51 points, 0.4%, to 13,582, and the S&P 500 added 3 points to 4,168.
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The Dow enjoyed a volatile morning, including a dip into the red before climbing 136 points, 0.4% at 34,264, which would be a record, at midday. The Nasdaq was up 81 points, 0.6%, to 13,714, while the S&P 500 added 21 points, 0.5%, to 4,185.
“While ADP numbers fell short of some of the loftier expectations today, a 742,000 increase in job numbers is welcome news, and when coupled with strong Markit and ISM services PMI readings it is clear that the world’s largest economy is well on the way to a recovery,” IG Chief Market Analyst Chris Beauchamp wrote.