Shares of Southwest Airlines Co. LUV, +1.24% advanced 1.24% to $49.78 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.13% falling 0.13% to 4,522.68 and Dow Jones Industrial Average DJIA, -0.11% falling 0.11% to 35,360.73. Southwest Airlines Co. closed $14.97 short of its 52-week high ($64.75), which the company reached on April 14th.
The stock underperformed when compared to some of its competitors Tuesday, as Delta Air Lines Inc. DAL, +1.33% rose 1.33% to $40.44, United Airlines Holdings Inc. UAL, +1.31% rose 1.31% to $46.51, and American Airlines Group Inc. AAL, +2.20% rose 2.20% to $19.94. Trading volume (6.4 M) remained 1.1 million below its 50-day average volume of 7.4 M.
This isn't the first time Bernard Arnault, the head of the sprawling luxury conglomerate LVMH, has been crowned the world's richest person.
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