Why Carnival, Norwegian Cruise Line, and Avis Stocks All Rose Today
Of particular interest to investors betting on the economy's recovery, shares of cruise lines Carnival (NYSE: CCL) and Norwegian Cruise Line Holdings (NYSE: NCLH) ended up 7.1% and 9%, respectively. Broadly speaking, these kinds of companies are representative of the health of the travel industry and of discretionary consumer spending, which have both been hit especially hard by the COVID-19 pandemic. When governments tell people to stay at home for months on end, that's not great news for travel businesses, either.
