Cruise stocks drop as a surge in new COVID-19 cases sparks broad-market selloff

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Cruise stocks hit by new surge in coronavirus cases

The stocks of cruise operators were hit hard Monday as a surge in new COVID-19 cases in the U.S. and abroad sparked fears that no-sail orders would be prolonged and as overseas governments imposed new lockdown measures. Shares of Norwegian Cruise Line Holdings Ltd.

dropped 7.9% in morning trading, Carnival Corp. CCL, -7.92% slumped 7.6% and Royal Caribbean Group RCL, -7.24% slid 7.2%. Those stocks were the second, third and fourth biggest decliners, respectively, among S&P 500 SPX, -0.80% components in morning trading. Meanwhile, the S&P 500 fell 0.9%. The U.S. Centers for Disease Control and Prevention recently extended its no-sail order to Oct.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

More lockdowns to come. Now is not a matter of stimulus its more to do with losses of economic activities

The carnival stock I bought in May looks to be a large mistake 😂

تابعونى

Australia Australia Latest News, Australia Australia Headlines