This has been a rough year for stocks. Every time the market has tried to bounce, some fresh news has come out, triggering another selloff. With inflation still running hot and the Federal Reserve set for more rate hikes, investors need to be cautious. That said, with the market down this far,
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Shares of cruise line stocks Carnival Corporation (NYSE:CCL) and Royal Caribbean (NYSE:RCL) both slumped in Friday trading, closing the day down 4.4% and 4.2%, respectively.
The jobs report -- and Delta -- seem to blame.
Image source: Getty Images.
So whatTh
This has been a rough year for stocks. Every time the market has tried to bounce, some fresh news has come out, triggering another selloff. With inflation still running hot and the Federal Reserve set for more rate hikes, investors need to be cautious. That said, with the market down this far,
Tuesday trading drew to a close with cruise line stocks Carnival Corporation (NYSE:CCL) and Norwegian Cruise Line Holdings (NYSE:NCLH) down 3.2% and 4.3%, respectively, while another big leisure stock, MGM Resorts (NYSE:MGM), lost 4.3%.
But the funny thing is that there was
Shares of cruise line stocks Carnival Corporation (NYSE:CCL) and Royal Caribbean (NYSE:RCL) both slumped in Friday trading, closing the day down 4.4% and 4.2%, respectively.
The jobs report -- and Delta -- seem to blame.
Image source: Getty Images.
So whatTh
Shares of cruise line stock Carnival (NYSE:CCL) were down 3.3% today after new COVID-19 testing rules were announced.
Some of the decline was likely due to the overall market falling. But there were some updated safety guidelines announced that couldn't have made investors happy.
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