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

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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.

 

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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 😂

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