Uber Revenue Lifts Travel ETFs
August 02, 2022 at 17:58 PM EDT
Uber Technologies Inc. (NYSE: UBER) shares surged Tuesday, lifting travel and transportation sector-related exchange, after the ride-sharing provider’s second-quarter revenue beat expectations with business on the rise despite elevated costs. On Tuesday, the ETFMG Travel Tech ETF (AWAY) advanced 2.1% and the iShares Transportation Average ETF (IYT) was 0.7% lower. Meanwhile, Uber shares jumped 18.9% [...] The post Uber Revenue Lifts Travel ETFs appeared first on ETF Trends .
