The U.S. Global Jets ETF (JETS) soared to a fresh 52-week high on Monday, December 7, as oil prices tumbled to new 2015 lows, according to Investor’s Business Daily (IBD). Brent crude fell to its lowest level in about seven years as energy stocks led the S&P 500 Index down.
For the day, JETS rose 1.9 percent to reach a new high for the airline ETF, according to IBD.
Article summary written by U.S. Global Investors.