Why Booking Holdings, Southwest Airlines, and Uber Fell Today

Shares of Booking Holdings (NASDAQ: BKNG), Southwest Airlines (NYSE: LUV), and Uber (NYSE: UBER) all fell on Wednesday, down 3.5%, 3.6%, and 2.3%, respectively, as of 1:20 p.m. EST. As recession fears loom over the economy, it appears several analysts and investors are turning cautious on travel names toward year-end. With that much pessimism hanging over the economy, some analysts are downgrading travel names today despite the seemingly positive current picture.