Cruise stocks sail higher amid market rally on Tuesday

Norwegian Cruise Line Cancels 8 Cruise Ship Voyages

Joe Raedle

Cruise stocks were among the best performing stocks amid a broader market rally on Tuesday.

Weaker than anticipated JOLTS data helped spark hopes of a less hawkish Federal Reserve. Such a move would be particularly bullish for the heavily indebted cruise line industry. Additionally, some lingering COVID-related restrictions were dropped officially on Tuesday.

Norwegian Cruise Line Holdings (NYSE:NCLH) +16.84% was a top gainer in the S&P on Tuesday, second only to Twitter. Meanwhile Royal Caribbean (NYSE:RCL) +16.65% and Carnival Corp. (NYSE:CCL) +13.29% were third and fourth in terms of percentage movers on the day. Trading volume in each stock marked double the daily average on Tuesday.

Still, each stock remains down 40% or more in the past 6 months, with Carnival touching a 52-week low on Monday.

Read more on other travel stocks ticking higher on Tuesday.

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