Cruise stocks extend plunge after CDC lengthens no-sail order through September

Cruise stocks slumped in Friday morning trading, continuing a downturn after the CDC extended its no-sail order through September 30.
Royal Caribbean fell as much as 4.5%, while Carnival and Norwegian Cruise Line dropped 2.9% and 3.8%, respectively. All three companies sank at least 7% in Thursday's session.
The cruise lines pared losses later in the morning.
The CDC cited "ongoing" COVID-19 outbreaks aboard ships. The sailing ban was set to expire on July 24.
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