Cruise Stocks Sail Higher As Investors Continue To Brush Off Omicron Fears


Along with other travel-related stocks, shares of major cruise lines have recently staged a comeback and led a market surge on Wednesday, as investor concerns about the omicron variant abate amid news that vaccines are effective against it.

Key Facts

Big cruise operators saw another day of solid gains, with Norwegian Cruise Line rising 8.2%, Carnival 5.5% and Royal Caribbean Group 5.2%. 

While initial concerns about omicron first sparked a steep selloff in late November, travel-related stocks like cruises have now led the subsequent market rebound as investors grow less fearful about the severity of the new variant.

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