Why Royal Caribbean and Carnival Corporation Stocks Slumped Today
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. The U.S. Department of Labor reported today that the U.S. economy added only 235,000 jobs to its pandemic-wreaked rolls in August -- less than one-third of the 720,000 new jobs that economists had forecast.