ExpressJet reaches new 52-week high; American Airlines wins court case
North and South American airline stocks gained on Tuesday (31-Aug-2010) on more positive economic news in the US, as home prices and consumer confidence data rose and the US Federal Reserve approved China Investment Corp’s plan to purchase up to a 10% stake in Morgan Stanley. However, the Dow (+0.1%) gained only marginally for the day, as the Federal Reserve stated a recovery in the US economy has been slower than expected.
