Cruise stocks rise as CDC eases Covid sailing restrictions on industry

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A woman wearing a face mask as a preventive measure against the spread of the COVID-19 Coronavirus, runs with Cruise Ships docked in the background at the port of Long Beach, California on April 11, 2020.
Apu Gomes | AFP | Getty Images

Cruise stocks rose Friday after the Centers for Disease Control and Prevention announced it will replace its nearly 8-month No-Sail Order with a less restrictive “Conditional Sailing Order.”

The No-Sail Order expires on Saturday.

Shares of the largest cruise company in the world, Carnival Corp., soared more than 11% on the news in afternoon trading Friday. Shares of Royal Caribbean and Norwegian Cruise Line both traded more than 6% higher.

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