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Why Cruise Line Stocks Dropped Today

·2-min read
Why Cruise Line Stocks Dropped Today
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Shares of cruise line stocks had a rough start to the week after a Wall Street analyst downgraded expectations because of the risk of a recession. Shares are trading lower for all of the major cruise lines despite the stock market rising slightly in morning trading. As of 11:00 a.m. ET, Carnival Corporation (NYSE: CCL) is down 2.9%, Norwegian Cruise Line (NYSE: NCLH) is down 3%, and Royal Caribbean Cruises (NYSE: RCL) has fallen 3.5%.

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