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Despite Ebola hype, cruise stocks rise on market rally

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.

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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