- S&P 500 Index is up more than 1% on Friday.
- Major cruise liners' stocks are rising sharply with NCLH leading the winners.
- Energy shares underperform as crude oil struggles to rebound.
The S&P 500 Index (SPX) opened modestly lower on Friday but staged a decisive rebound. As of writing, the SPX was up 1.05% on a daily basis at 3,289.
S&P 500 top movers
The upbeat market mood is helping risk-sensitive cruise liners' stocks post strong gains on Friday. At the moment, Norwegian Cruise Line Holdings Ltd (NCLH: NYSE) shares are trading at $16.285, rising 11.3% as the biggest daily percentage gainer of the day. Additionally, Carnival Corp (CCL: NYSE) and Royal Caribbean Cruises Ltd (RCL: NYSE) shares are up 8.2% and 7%, respectively.
On the other hand, the lacklustre performance of crude oil prices continues to weigh on energy stocks. Apache Corp (APA: NASDAQ) is the worst performer of the day with a loss of 8.3% at the time of press. Moreover, FTechnipFMC PLC (FTI: NYSE), National Oilwell Varco Inc (NOV: NYSE), Occidental Petroleum Corp (OXY: NYSE), Marathon Oil Corp (MRO: NYSE) and Cabot Oil & Gas Corp (COG: NYSE) shares are losing between 5.7% and 3.6%.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.