Shares of cruise operators were among the worst performers in the S&P 500
SPX,
to start 2024, after posting record yearly gains in 2023. Norwegian Cruise Line Holdings Ltd.’s stock
NCLH,
fell 6.8% to lead the S&P 500’s losers, as it headed for a three-week closing low. The stock had soared 63.7% in 2023, to break the previous record of 37.8% in 2019 by a wide margin. The S&P 500’s second worst performer was Royal Caribbean Group’s stock
RCL,
which slumped 6.6%, which puts it on track for the worst one-day performance since it sank 13.2% on Sept. 30, 2022. That comes a day after the stock ended 2023 with a 162% surge for the year, which was the best year since it went public in 1993, topping the previous record of 128.1% in 1997. Carnival Corp. shares
CCL,
slid 4.8%, to be the fourth-worst performer in the S&P 500. The stock had rocketed 131% in 2023, beating the previous record of 85.8% in 1991; the stock went public in 1987.
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