U.S. stocks set records Wednesday after the latest wild swerves for Chinese stocks left few ripples in markets worldwide.
The Standard & Poor’s 500 rose 0.7% to top the all-time high it had set last week. The Dow Jones industrial average climbed 1% to hit its own record, while the Nasdaq composite gained 0.6%.
Leading the way were cruise-ship companies, whose customers stand to benefit from the surprisingly strong U.S. job market. Norwegian Cruise Line steamed 10.9% higher after analysts at Citi upgraded its stock and said data suggest growth for the cruise industry “has real legs” into 2025 and beyond. Carnival rose 7% and Royal Caribbean Group gained 5.3%.
Helen of Troy, the company behind Hydro Flask water bottles and OXO kitchen tools, jumped 17.9% after reporting profit and revenue for the latest quarter that were better than analysts expected. That was even though the company said it’s still seeing…
