Posted by: Market Watch in Market Information 11 hours in the past Shares of cruise operators surged Friday, to buck the sharp selloff with
Shares of cruise operators surged Friday, to buck the sharp selloff within the broader market, after the Facilities for Illness Management and Prevention (CDC) selected to not lengthen its full no-sail order, and has as a substitute gone with a “phased strategy” to resuming cruise operations. The CDC’s no-sail order expires on Oct. 31. Shares of Carnival Corp. ran up 6.4%, Royal Caribbean Group jumped 4.8% and Norwegian Cruise Line Holdings Ltd. climbed 5.5%, at a time when the S&P 500 sank 2.2%. After the no-sail order expires, the preliminary phases of the resumption of cruise ship operations will include testing and extra safeguards for crew members. The following phases will embrace simulated cruises to check the operators’ capability to restrict COVID-19 threat. Market Pulse Tales are Speedy-fire, quick information bursts on shares and markets as they transfer. Go to MarketWatch.com for extra info on this information.
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