Stock Market News: 2 Scary Words Sink Norwegian Cruise Line Shares
The stock market posted solid gains on Tuesday morning, with investors once again expressing an upbeat attitude about the prospects for a long-term economic recovery in the U.S. despite the ongoing novel coronavirus pandemic. Market participants have high hopes that reopening business in several states won't result in new COVID-19 cases, despite worries from health officials that such moves might be premature. As of 11 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 337 points to 24,086. The S&P 500 (SNPINDEX: ^GSPC) gained 44 points to 2,887, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) climbed 150 points to 8,860.
Unfortunately, the good news didn't extend to every stock in the market. The cruise line industry has taken an especially hard hit from the COVID-19 outbreak, sending shares of cruise operators sharply lower. Today, Norwegian Cruise Line Holdings (NYSE: NCLH) gave investors another piece of bad news that cast doubt on whether the operator will be able to make it through the current crisis without resorting to extreme measures.
Image source: Norwegian Cruise Line Holdings.
Source Fool.com
