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What’s Happening With Cruise Stocks?

The impact of this development on well-known U.S. cruise stocks was powerful yesterday. The CDC’s announcement clearly had Wall Street enthused about the U.S. cruise market’s future prospects.

$Carnival(CCL.US)$ stock was up 7.36%
$Royal Caribbean(RCL.US)$ stock rose 5.82%
$Norwegian Cruise(NCLH.US)$ stock climbed nearly 3%.
Even beyond the transition to self-monitoring for cruise ship businesses, there are bigger-picture questions to consider. For example: Will Covid-19 testing requirements be dropped next? How about vaccine mandates? Also, will individual cruise lines ease their own requirements in the near future?

Of course, the current feeling of optimism could be dampened if Covid-19 spreads aggressively and/or if there are new variants. At least for today, though, investors in cruise stocks are apparently on a holiday from their worries.
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