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Travel stocks bounce back after brutal Black Friday, Twitter shares flat after CEO shakeup

Yahoo Finance's Ines Ferre reports on how travel stocks bouncing back and Twitter's shares after announcing a new CEO.

Video transcript

KARINA MITCHELL: And watching it all for us is our Yahoo Finance's Ines Ferre. Ines, what a wild ride it has been.

INES FERRE: Oh, that's right. And especially if we take a look at the travel stocks because these travel stocks had earlier in the session seen gains, and they dipped into red territory, now we're back into green after President Biden said that no new lockdowns were needed because of omicron. So take a look right now at our YFi Interactive board chart. You can see some of these cruise liners, airlines of those that are in the green right now.

But if you just take a look at a two-day chart, if we compare this to last Friday, because last Friday, these stocks were heavily in the red. In fact, some of them at 52-week lows. You can see that we are still not gaining back those losses completely that we saw on Friday.

Taking a look at the NASDAQ 100, I want to take a look right now at the largest gainer right now and that being Moderna. Moderna is the best performer on the S&P 500 today, also up more than 10%. This is after the chief medical officer recently said that the company can roll out a vaccine against omicron by early next year. That's why you're seeing gains in the stock today.

And then I also want to point out the social media stocks and how they're faring, and especially Twitter, which we have been watching throughout the day. So Twitter opened this morning in green territory, up around 11%. And then it was halted for news pending until Twitter officially announced that Jack Dorsey is stepping down as CEO of the company. As of today, CTO Parag Agrawal is the new CEO. And Dorsey will stay on the board to help Parag until about May, and then he will leave the board. Now he is still the CEO of Square. Those shares today relatively flat.

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