Why Norwegian and Other Cruise Stocks Are Rallying

Cruise stocks were surging on Monday at the prospect of a five-day delay in military strikes in Iran and “productive” talks about potentially ending hostilities in the Middle East. Norwegian Cruise Line Holdings was among the biggest gainers in the S&P 500 Index on Monday, closing up 6.2% to $20.13, while the S&P 500 is up 1.2%. Shares of Carnival closed up 5.5% to $25.45, and Royal Caribbean closed up 5.8% at $278.96.