Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Carnival Shares Popped 11.2% Today

TheMotleyFool

0 0

Shares of cruise operator Carnival (NYSE: CCL) jumped as much as 11.2% in trading Tuesday after President Trump vowed to help the industry. Shares actually hit a 52-week low near midday as well, but at 2:55 p.m. EDT, they were still up 7.2% for the day.

President Trump said earlier today that the administration is working on ways to help the cruise and airline industries adapt to a loss of demand due to the COVID-19 coronavirus. Details on what exactly that help looks like are murky, but the comment got traders excited after weeks of bad news for the industry.

Image source: Getty Images.

Source Fool.com

Like: 0

CCL

Share