Royal Caribbean Stock Surges on Carnival's Strong Results

Royal Caribbeans stock surged by over three percent this week, following Carnival Corporations strong Q4 results, indicating a positive trend for the entire cruise industry. Consumer spending on cruises increased by 11.2% in November, while broader economic news, including Federal Reserve interest rate cuts, further boosted the sector. Despite the recent gains, Royal Caribbeans stock remains about 19.1% below its 52-week high.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.