NCLH - Markets Bounce as Norwegian Cruises Higher Halliburton Sees Recovery Ahead
The stock market mounted a comeback on Wednesday morning, as major market benchmarks managed to rise and claw back some of their losses from recent sessions. There are still plenty of uncertainties on Wall Street, but the ongoing flood of earnings reports is painting an optimistic picture of a brighter future. As of just before 11 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 194 points to 34,015. The S&P 500 (SNPINDEX: ^GSPC) gained 15 points to 4,150, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was higher by 28 points at 13,815.
The cruise ship industry has been one of the hardest-hit sectors of the economy, and operators like Norwegian Cruise Line Holdings (NYSE: NCLH) still face an uncertain future. Nevertheless, investors were feeling more upbeat on Wednesday about its prospects for the long run. Meanwhile, oil services giant Halliburton (NYSE: HAL) gave investors some insight into what's happening in the volatile energy sector.
Shares of Norwegian Cruise Line Holdings were up almost 8% on Wednesday morning. Investors reacted favorably to positive comments about the cruise ship company from Wall Street analysts.
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Markets Bounce as Norwegian Cruises Higher, Halliburton Sees Recovery Ahead