Dow Jones leads the stock market to the top; cruise shares, airlines soar | Zoom Fintech


Monday was another story of 2 scholarships. The Dow Jones Industrial Average (DJINDICES: ^ DJI) surged in industrials, consumer goods and vitality stocks, but declines in the Nasdaq Composite held back the broader market. The S&P 500 (SNPINDEX: ^ SPX) submitted a small rise to start the week.
Today’s stock exchange


Percent change (decline)

Point change




S&P 500

+ 0.27%


Nasdaq Composite



Origin of the data: Yahoo! Finance.
Passenger stocks were higher overall on Monday, with significant profits for airlines and rail stocks. Evidence that travelers have started exiting again resonates with investors, although it is far too early to know whether the coronavirus pandemic has really peaked.
Cruise higher
Cruise lines posted substantial profits on Monday. Royal Caribbean (NYSE: RCL) led the way with a 10% increase, followed by a 9% jump in Carnival (NYSE: CCL) and 8% profits in Norwegian Cruise Line Holdings (NASDAQ: NCLH).
Royal Caribbean started off with a second quarter earnings report that gave some traders expectations. The key figure for the result was horrendous, with cuts of $ 6.13 per share far worse than many had anticipated. But the profits were more than triple what many analysts appeared to be seeing. The best results were assessed by a few deferred profits among its luxury industry units, which only contain consequences after a three-month delay. It is not certain that expectations took these amounts into consideration.
Image source: Getty Images.

Cruising stocks still face significant challenges. Departures are unlikely to begin until November at the earliest, and a possible second wave of COVID-19 cases could cause further delays.
Additionally, it is unclear to what extent companies such as Norwegian, Carnival, and Royal Caribbean are creating programs that will meet with government officials from the U.S. Centers for Disease Control and Prevention and their overseas counterparts. . Until things improve, shareholders of rail stocks will need to be accustomed to acute volatility.
Back in the skies
Elsewhere in travel, airline shares rose as well. United Airlines Holdings (NASDAQ: UAL) led the major carriers with a 9% increase, while Delta Air Lines (NYSE: DAL) weighed in with an 8% profit. American Airlines Group (NASDAQ: AAL) and Southwest Airlines (NYSE: LUV) also pledged, posting improvements of 7% and 5%, respectively. Smaller carriers posted similar gains, with JetBlue Airways (NASDAQ: JBLU) particularly in the lead.
Airlines are climbing due to the hottest figures from the Transportation Security Administration. More than 830,000 people passed through TSA checkpoints on Sunday August 9th. This is the maximum number since March 17. Many analysts have also concluded that attitudes towards aviation in the United States are starting to revert more to normal issues.
The problem here is that the number of visitors continues to be much lower than the amounts before the pandemic. Meanwhile, a September 30 deadline looms for the company, as airlines will be able to begin implementing layoffs if nationwide attempts to expand payroll funding do not bear fruit. While a shrinking workforce is likely the long-term answer for many carriers, the effect on the wider economy could be large enough to give legislators and business officials pause for thought.
Everyone is eager to place COVID-19 to support us, but unrealistic expectations of a restore could end up being counterproductive. Investors should beware of the ridiculous reliance on the lack of evidence that things are really under control. If conditions worsen, airline stocks could be the first to feel the negative consequences.


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