Hyatt Stock Falls as Company Says Election, Jewish Holidays Weighed on Q4 Results

Shares of Hyatt Hotels fell as the company said fourth-quarter business was hurt by the presidential election—and the High Holy Days. Hyatt (H) on Thursday on Thursday reported its latest financial results, which came in worse than Wall Street expected. The news sent its shares down nearly 10% in early trading. Part of the reason, the company said: group demand that was impacted by the election—something other travel companies have noted in their own results—but also "the shift of the Jewish holidays." Ros ...