
After the US stocks have topped record highs this year, the bar to exceed the record levels has been raised significantly.
Royal Caribbean Group is a global cruise vacation company that owns and operates three global brands.
Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is an American global cruise holding company incorporated in Liberia and based in Miami, Florida, US. It is the world’s second-largest cruise line operator, after Carnival Corporation & plc. As of January 2021, Royal Caribbean Group fully owns three cruise lines: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. They also hold a 50% stake in TUI Cruises and the now-defunct Pullmantur Cruises and CDF Croisières de France. Previously Royal Caribbean Group also fully owned Azamara Cruises selling the cruise line to Sycamore Partners in January 2021, and 50% of Island Cruises, selling their stake to TUI Travel PLC in October 2008.
Cruises
After the US stocks have topped record highs this year, the bar to exceed the record levels has been raised significantly.
All tech companies like Zoom Video, Amazon, Netflix, and Shopify entered major correction on Monday as Pfizer and BioNTech announced that its COVID-19 vaccine candidate has delivered a 90% efficacy rate.
On Friday, the S&P 500 index closed 1.12% or 37.54 points down, at 3,319.47. The close was below S&P 500’s 50-day moving average for the first time since April. At the moment of writing, it is even lower, at 3264.41.