10 Stocks Bolstered by Broader Market Cheer

4. United Airlines Holdings Inc. (NASDAQ:UAL)

Shares of United Airlines increased by 26.14 percent on Wednesday to end at $70.83 apiece as investor sentiment was largely buoyed by an overall market optimism, boosting consumer confidence that the travel industry is heavily reliant on.

UAL traded higher in line with its peers after President Donald Trump decided to give a 90-day pause to tariffs on 75 countries that had reached out to negotiate.

Immediately following the announcement, Goldman Sachs withdrew its earlier call that the US economy would tip into recession this year.

In other news, UAL announced plans earlier this month that it would expand its route offerings to Southeast Asian countries including Thailand (via Bangkok), Vietnam (via Ho Chi Minh), and the Philippines (via Manila).

Additionally, it is also expected to ramp up flights to Hong Kong and Australia (via Adelaide).