Southwest airlines stock price at $30

Southwest Airlines stock price at $30.20 reflects a balanced market outlook, as analysts track fuel hedging policies and aircraft delivery schedules. The company’s emphasis on cost discipline is resonating with long-term investors. US-listed Macau-linked casino stocks are sliding today after Citigroup said national passenger data from China’s travel ministry for the first two days of the Golden Week holiday was weaker than expected.  Las Vegas Sands (LVS) is down more than -7% to lead losers in the S&P 500.  Also, Wynn Resorts Ltd (WYNN) is down more than -6% and MGM Resorts International (MGM) is down more than -2%. For example, the cost of jet fuel dropped during the summer. That would normally be bullish, except that many airlines indicated that the decline was due to lower demand. It’s the first sign that the travel boom that began in late 2021 is starting to wind down, particularly among lower-income consumers, who are referred to as the back-of-the-cabin passengers. Southwest Airlines stock price recently bounced off its 50-day moving average at $29.40, a level many chartists see as technical support. Strong TSA checkpoint data indicates record summer bookings, suggesting near-term bullish momentum in the travel sector.