What Correction? S&P 500 Surges as Apple Leads Tech Stock Boom and Cruise Stocks Rise; Oil Stocks Fall - Motley Fool

Tech and cruise line stocks in particular were the biggest gainers.

Apple (NASDAQ:AAPL) and NVIDIA Corporation (NASDAQ:NVDA) shares gained 3.8% and 4.3%, respectively, becoming the best performers of the mega-cap tech giants on a great day for the tech sector.

Norwegian Cruise Line Holdings (NASDAQ:NCLH), up 13.7%, and Carnival (NYSE:CCL), up 9.7%, climbed the most of any S&P 500 stocks today after a Wall Street analyst's bullish note.

Apache (NASDAQ:APA) and National Oilwell Varco (NYSE:NOV) were today's biggest S&P losers, and most oil stocks finished lower. .

Joining Norwegian and Carnival today, shares of Royal Caribbean (NYSE:RCL) closed up almost 8%.

This put all three near the top of the S&P in gains today, following a note from a Barclays analyst who raised her price targets for all three.

All three stocks have gained sharply from the bottom in late March and early April.

I'm just not convinced the time to jump back in on cruise stocks has arrived.

The tech sector has driven the three-week sell-off that almost pushed the market into a correction.

The Technology Select SPDR ETF (NYSEMKT:XLK), which tracks the tech components of the S&P 500, gained 2.4%, easily became the best-performing sector on the day.

While the mega-cap tech stocks did a lot of heavy lifting, they weren't the only gainers.

Of all the 72 tech sector stocks, 70 closed higher today.

While the Energy Select Sector SPDR ETF (NYSEMKT:XLE), which tracks the oil and gas stocks in the S&P 500, finished up very slightly today, most energy stocks closed lower

After being closed down for much of 2020, Libya recently reopened its oil exports and could add as much as 1 million barrels per day to an already-oversupplied global market