Home / Business / The cruise giant shot up Wall Street for “remarkable” demand

The cruise giant shot up Wall Street for “remarkable” demand

It was a mixed deal for the Wall Street index during the first trading day of the week.

Monday night, Wall Street closed like this at 22:00 Norwegian time:

The broad S&P 500 index rose by 0.14 percent.

Industry-heavy Dow Jones rose 1.24 percent.

The Nasdaq Composite Technology Index closed 0.58 percent.

Among today’s stock market winners is the cruise line Royal Caribbean, which after the lower point of $ 1

9.25 per share in March is up to over $ 57 per share and above ten percent rises on Monday, after a large increase in demand for cruises in 2021.

VD Richard Fain, tells CNBC that demand comes as a result of people being frustrated at home and isolated because of the coronavirus.

The airline Boeing and the sports giant Nike are also among Monday’s stock market winners and have risen by almost four percent each.

Trump’s order affects the stock market

This week’s first trading day was expected in advance to be marked by several events in the US this weekend.

President Donald Trump has, among other things, issued several orders related to coronavirus. One of the orders is the extension of the unemployment benefit system, as a result of the Democrats and Republicans discussing the next package of economic measures, analysts write Lars Mouland in Nordea’s morning report.

The European stock market has already managed to rise on Monday due to Trump’s order, according to Market.

The United States has passed five million infected

On Monday, the news came that the United States has passed five million people who are infected with the coronavirus.

It reports Marketwatch.

The number of infections in the United States now accounts for over a quarter of the total number of infections in the world. The total number of infections is almost 20 million people worldwide. It shows figures from Johns Hopkins University.

In total, the virus has killed over 700,000 people.

Kodak in free fall

US camera maker Eastman Kodak is among the big losers on Wall Street on Monday. A few minutes after opening, the stock fell 38.98 percent from the beginning, after the US authorities put a loan worth 765 million dollars at the break. Just before closing time, the share price has fallen by xxx percent. The reason is that the House of Representatives in the United States Thursday announced that they have initiated an investigation of the government loan to the company. The purpose of the loan is to develop ingredients for synonymous preparations for the treatment of the coronavirus.

In addition, the microblogging service Twitter threw itself into the battle for the video sharing service TikTok, and it was expected in advance that it would affect the Twitter share on Monday. A few minutes before closing time, the Twitter share has xxx percent.(Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We want you to share our cases with a link, which leads directly to our pages. Copying or other form of use of all or part of the content, can only be done with written permission or by law. For further conditions see here.

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