Cruise Line Stocks Jumped Today -- but Why?
The stock market woke up on the right side of the bed Tuesday, and shares of many companies pushed higher. Among those that gained notably were cruise lines, which have faced a number of headwinds as interest rates rose, fear of recession increased, and high oil prices further boosted their expenses. Shares of Carnival (NYSE: CCL) were up as much as 7.3% in early trading, Norwegian Cruise Line Holdings (NYSE: NCLH) was up by as much as 7.2%, and Royal Caribbean Cruises (NYSE: RCL) led the way, climbing 8.5%.
