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April 9, 2021, 7:53 a.m. EDT

Cruise stocks are rallying, in wake of Florida suing CDC, HHS to restart operations

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By Tomi Kilgore

Shares of cruise operators rose in premarket trading Friday, as the industry continued to grapple with U.S. health authorities over how and when operations can resume. Carnival Corp.'s stock /zigman2/quotes/202325446/composite CCL -1.98% climbed 1.9%, Royal Caribbean Group shares /zigman2/quotes/208854639/composite RCL -0.55% gained 0.8% and Norwegian Cruise Line Holdings Ltd. /zigman2/quotes/204183397/composite NCLH -1.64% advanced 1.1% ahead of the open, while futures /zigman2/quotes/209948968/delayed ES00 -1.19% for the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.10% edged up 0.2%. As the companies have urged the Centers for Disease Control and Prevention (CDC) to allow them to restart cruises from U.S. ports this summer, the state of Florida sued the CDC and the Department of Health and Human Services on Thursday to force the restart of cruises, which have been suspended for more than a year as a result of the COVID-19 pandemic. Late Thursday, Royal Caribbean disclosed it was extending the suspension of all sailings from the U.S. until June 30 , while saying it "strongly" believed that President Joe Biden's stated goal for society to reopen in time for Independence Day "is a realistic goal."

/zigman2/quotes/202325446/composite
US : U.S.: NYSE
$ 20.80
-0.42 -1.98%
Volume: 24.98M
Jan. 20, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$23.78 billion
Rev. per Employee
N/A
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/zigman2/quotes/208854639/composite
US : U.S.: NYSE
$ 81.18
-0.45 -0.55%
Volume: 4.88M
Jan. 20, 2022 4:03p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$20.80 billion
Rev. per Employee
$6,871
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/zigman2/quotes/204183397/composite
US : U.S.: NYSE
$ 21.03
-0.35 -1.64%
Volume: 15.11M
Jan. 20, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$8.91 billion
Rev. per Employee
$4,960
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/zigman2/quotes/209948968/delayed
US : U.S.: CME
$ 4,470.25
-54.00 -1.19%
Volume: 1.92M
Jan. 20, 2022 3:09p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,482.73
-50.03 -1.10%
Volume: 2.52B
Jan. 20, 2022 4:19p
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