Risk-on sentiment allowed Southwest Airlines to post 1.4% gain yesterday

A quick look at yesterday: the major US airline rallied 1.4% and maintained $29.65.

Nevertheless, data from United States concerning Core Durable Goods Orders was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.3% to -0.2% this month.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3. Fresh CFTC Crude Oil speculative net positions data from United States came out at 193,100.

This rally in Southwest Airlines's share price coincided with other industrials stocks as Lockheed Martin traded at $448.45 after closing yesterday's trading day at $442.83 (up 1.27%). Boeing gained 1.37%, as it traded at $203.63. General Electric added 1.2% to its value, and traded at $102.74.

Trending downwards for around a month. The low-cost US airline is up 2.45% from the significant low of $28.54 it hit 11 days ago.