Why Carnival, Norwegian Cruise, and Royal Caribbean Stocks Jumped on the Latest CDC News

The Centers for Disease Control and Prevention's no-sail order banning cruise ships from sailing out of U.S. ports is all but history. Friday afternoon, the CDC replaced its series of no-sail orders, issued in response to the coronavirus earlier this year, with a framework for a conditional sailing order instead. Shares of Carnival (NYSE: CCL), Norwegian Cruise Line Holdings (NYSE: NCLH), and Royal Caribbean (NYSE: RCL) immediately jumped on the news.