Airbnb appreciates 2.29% with $107.61 as the high of the day

A quick look at today: the vacation rental platform closed yesterday at $104.42. today, it gained 2.29% and remained around $106.81.

On the flip side, United States Core Durable Goods Orders fell short of the 0% projections, with new data of -0.2%. Highly important Pending Home Sales data from United States beat analyst expectations of 0.5% with a reading of 0%.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) released today at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3.

This rally in Airbnb's share price coincided with other communication services stocks as Netflix was up 5.54%. Meta Platforms was up 3.7%. AT&T was up 2.31%.

The homestay online marketplace has fallen back around 25.1% over the past 3 months, from a notable high of $139.42.