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Why Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks All Just Jumped

·2-min read
Why Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks All Just Jumped
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Tic-tac-toe, three in a row, shares of cruise line stocks Carnival Corporation (NYSE: CCL), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) all jumped in Friday trading, rising 3.5%, 3.6%, and 4.6%, respectively, through 10:30 a.m. EDT. This morning, drugmaker Merck announced that its anti-Covid pill molnupiravir has proven effective at cutting the rate of hospitalization and death from Covid by "approximately 50%" in a Phase 3 clinical trial.

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