At 12:41 PM, ET time today Norwegian Cruise Line Holdings Ltd. (NCLH) stock is down more than 12%, at 15.77-2.26 (-12.53%). Royal Caribbean Cruises Ltd. (RCL) stock is down more than 11% with a stock price of 48.28-6.08 (-11.18%).
At 12:42 PM, ET time today Carnival Corporation & Plc (CCL) stock is down more than 10% having a stock price of 16.11-1.89 (-10.49%).
Stock market data: Yahoo Finance
News that coronavirus cases have increased on some US stated and also globally have a negative impact on cruise lines today.
“Shares of cruise operators rallied again Wednesday, with Royal Caribbean Cruises Ltd. rcl leading the way higher in afternoon trading. Royal Caribbean’s stock ran up 10.4%, after rocketing 37.6% the over the previous two days; Carnival Corp. shares ccl surged 5.0 after soaring 41.8% over the previous three sessions; and Norwegian Cruise Line Holdings Ltd.’s stock nclh hiked up 4.6% after shooting 31.1% higher the previous three sessions. The gains comes as the S&P 500 spx rallies 3.0%. Instinet analyst Harry Curtis said based on his new cash burn and recovery forecasts for the cruise industry through 2023, he believes all three companies have enough liquidity and borrowing capacity to survive near-zero revenue through the first quarter of 2021. “Many times we’ve been asked about bankruptcy, and we believe it to be low,” Curtis wrote in a note to clients. He expects a “modest” recovery for the industry to begin in the second half of 2020, with the first quarter of 2021 the possible “turning point.” Curtis said there may be 70% to 90% upside in the stocks over the next three years.”
“Stock lose steam and finish down After a day of gains, US stocks lost steam into the close and finished the day lower.The Dow finished 0.1%, or 26 points, lower. At its highest point, the index had been up 937 points. The S&P 500 closed down 0.2%. The Nasdaq Composite finished 0.3% lower.”
“The Federal Open Market Committee’s (FOMC) meeting minutes from its scheduled March meeting and emergency meetings will be released Wednesday afternoon. “The minutes of the emergency FOMC meeting in early March, and the mid-March meeting which was held two days earlier than scheduled, may not contain many new insights given how rapidly the economic landscape has been changing over the past couple of weeks,” Capital Economics said in a note April 3.
While the minutes will unlikely reveal many new insights, it will provide more context, according to Nomura. “Given the number of actions taken during March after the 15 March meeting, and the rapidly deteriorating outlook over the month, the minutes may be somewhat stale. However, they may provide more context for how much the Fed is willing to utilize its existing authority or whether any participants suggested seeking an expansion of that authority,” the firm said in a note April 3.”
“Stocks Decline as Investors Digest Collapse in Jobs Market U.S. stocks drop as employers shed 701,000 jobs in March. U.S. stocks and government bond yields fell Friday, capping another week of declines, after new data revealed that the pandemic’s toll on Americans has increased by the day.
The monthly jobs report showed that employers shed 701,000 jobs in March, the start of a labor-market slowdown stemming from the coronavirus pandemic. It’s a jarring shift for a job market that was booming just a few weeks ago, with unemployment hovering near multidecade lows.”
Stock investing | Stock trading | Most active stocks
Bank of America Corporation (BAC) stock was among the most active stocks with a stock price of 19.77-1.46 (-6.88%).
Bank of America Corporation (BAC) stock daily chart
Stock Market, U.S. Sectors & Industries Performance
All sectors closed lower. Consumer Staples were the best performing sector -1.83%, Utilities were the worst-performing sector -6.12%.
Economic news
Today important economic news include the Us weekly jobless claims.
“The U.S. Labor Department will release fresh data Thursday morning that will show the effect of the novel coronavirus on employment in the U.S. The number of Americans filing for unemployment benefits is expected to spike to a record-breaking 3.5 million for the week ended March 28, up from 3.283 million the week prior. Prior to the week ended March 21, the previous record was 695,000 claims filed the week ended October 2, 1982.”
After a 3-day rally, the US stock market closed lower, and all major stock indexes had losses of more than 3%. Dow Jones Industrial Average fell more than 900 points. This is the latest stock market data at close on Friday, March 27, 2020:
A strong rally for all the US stock indexes has sent the Dow Jones up +21% in 3 days. Dow closed up more than 1,350 points. This is the latest stock market data at close on Thursday, March 26, 2020:
Dow Jones Industrial Average: 22,552.17, +1,351.62 +6.38%
S&P 500 Index: 2,630.07, +154.51 +6.24%
NASDAQ Composite Index: 7,797.54, +413.24 +5.60%
Russell 2000 Index: 1,180.32, +69.95 +6.30%
Stocks gainers
Two Harbors Investment Corp. (TWO-PC) was among stock gainers with a stock price at close of 17.58+6.58 (+59.82%).
Two Harbors Investment Corp. (TWO-PC) stock daily chart
Stocks losers
Localiza Rent a Car S.A. (LZRFY) was among stock losers with a stock price at close of 5.72-1.17 (-16.97%).
Stock investing | Stock trading | Most active stocks
Carnival Corporation & Plc (CCL) was among the most active stocks with a stock price at close of 17.82+2.27 (+14.60%).
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