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Despite Ebola hype, cruise stocks rise on market rally
Cruise stocks rose Friday on the general US market rally despite the first heavy media coverage linking Ebola with a cruise ship. It's a very tenuous connection. Public health officials consider an asymptomatic passenger in voluntary quarantine aboard Carnival Magic to be a very low risk.
Anne Kalosh, Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review
October 17, 2014
1 Min Read
Credit: Seatrade Cruise News
After dipping early, cruise shares rose in heavy trading with Carnival up a sliver and Royal Caribbean and Norwegian each gaining nearly 2.5%.
CCL traded as high as $35.37 before settling at $34.92, up 23 cents.
RCL rose to $58.79 before closing at $57.71, up $1.35, while NCLH traded up to $32.40 before closing at $32.02, 72 cents higher.
The US market rally followed Europe's lead, on better than forecast corporate earnings, a seven-year high in US consumer confidence and expectations that central banks will add more economic stimulus.
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