The recent attacks done in Brussels, Belgium led to the downing of U.S. shares, particularly for its airlines and travel stocks. Moreover, it is not yet clear how how the stocks would fare in the coming days.
It is an undeniable fact that the world of business was also shattered in the same moment that Brussels dealt a mighty blow. To confirm the latter, a post from the Business Times revealed, "Wall Street stocks ended slightly lower Tuesday as airline and travel company shares took a hit following the deadly Belgium bombings that forced the shutdown of the Brussels airport."
The same post indicated the sudden dropping of stocks showing the closing of Dow Jones Industrial Average and the lowered value of 41.30 points, along with the 0.23 per cent at 17,582.57.
Meanwhile, even though there were issues regarding the struggling stock values, Jack Ablin of BMO Private Bank said, "Considering the circumstances, equity markets are holding up pretty well and investors have somewhat become inured to terrorist attacks."
It stands to reason that the attacks have not fully decapitated by the militant attacks. However, it did impact the other sectors such as the travel and airline industry. According to a report from Channel News Asia, "The shares of major travel agencies were hit; Priceline lost 2.3 per cent, Expedia 1.7 per cent, and TripAdvisor 2.5 per cent." Airlines flying between the United States and Europe have also received a slight downturn. American Airlines got 1.6 per cent, United is currently at 1.1 per cent and Delta got 1.4 per cent.
As Brussels, Belgium faces the repercussions of the attack, many have projected that the stocks would return to stability and the U.S. shares of airlines and travel stocks would attain recovery and rebound to solidity.
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