Why United Airlines Holdings Inc. (UAL) Went Up On Wednesday?

We recently published a list of 10 Stocks Bolstered by Broader Market Cheer. In this article, we are going to take a look at where United Airlines Holdings Inc. (NASDAQ:UAL) stands against other stocks that bolstered by broader market cheer.

The stock market bounced back from hefty losses on Wednesday, with all Wall Street indices finishing in the green territory after President Donald Trump announced that the US would pause the imposition of higher tariffs on 75 countries for 90 days.

In a post on Truth Social, Trump said that more than 75 countries have called to negotiate and have not retaliated in any way.

“I have authorized a 90-day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately,” he noted.

Following the announcement, the Dow Jones jumped by 7.87 percent, the S&P 500 surged by 9.52 percent, and the tech-heavy Nasdaq soared by 12.16 percent.

Indices aside, 10 companies led the charge, predominantly those with a high international trade exposure.

In this article, we listed Wednesday’s 10 best-performing stocks and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with $2 billion market capitalization and $5 million in trading volume.

A bird’s eye view of a large commercial jetliner taking off from an airport runway.

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).

Overall, UAL ranks 4th on our list of stocks that bolstered by broader market cheer. While we acknowledge the potential of UAL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than UAL but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.