Busy holiday season may bring over 115 million travelers
According to Triple A, the number of Americans expected to travel from December 23rd to January 1st is expected to surpass 115 million.
Transcript
00:00 I'm JD Durkin reporting from the New York Stock Exchange.
00:03 Stocks were in the green to close out today's session.
00:05 The Dow up 170 points, the Nasdaq up 0.7% and the S&P closed 0.4% higher.
00:12 This comes as investors continue to digest the November inflation report.
00:17 It saw consumer prices up 3.1% year over year, a slight decline from the 3.2% in October.
00:24 This is still above the Federal Reserve's 2% inflation target.
00:28 Traders are also looking ahead to the Fed's interest rate decision as the two-day policy
00:32 meeting kicked off today.
00:33 While traders are largely expecting the central bank to hold rates steady, Wall Street will
00:37 be paying close attention to Fed Chair Jerome Powell's comments for any hint into the future
00:43 of interest rates.
00:44 Meanwhile, this holiday travel season is shaping up to be one of the busiest.
00:48 According to AAA, the number of Americans expected to travel over the 10-day year-end
00:52 holiday period between December 23rd to January 1st is expected to surpass 115 million, the
01:00 second highest level seen in two decades.
01:03 This would mark a 2% increase from 2022.
01:06 According to Forecast, an estimated 7.5 million people are expected to take flights during
01:11 that same period, a jump from the 7.3 million seen in 2019.
01:16 This expected surge comes after the Thanksgiving holiday broke travel records with over 2 million
01:20 people screened at U.S. airports in a single day.
01:24 That'll do it for your daily briefing.
01:26 From the floor of the New York Stock Exchange, I'm J.D. Durkin with The Street.
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