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Why Cruise Line Stocks Sailed Higher This Morning

Entertainment stocks had a great start to the day on Wednesday, and cruise line stocks were no different. Shares of Carnival (NYSE: CCL) were up as much as 11.5% in early trading, while Norwegian Cruise Line Holdings (NYSE: NCLH) jumped 13.2% and Royal Caribbean Cruises (NYSE: RCL) was up 10.6%. The topic of the day is inflation. So far this year, the market has been worried about the impacts of inflation on spending and the reaction by the Federal Reserve to increase rates to combat inflation.