Shares of NVIDIA Corp. fell 2.77% as the stock market experienced a poor trading session, with the S&P 500 Index dropping 0.28% and the Dow Jones Industrial Average falling 0.51%.
Shares of Walt Disney fell 3.9% to their lowest level in almost nine years as investors anticipate further price drops and scrutinize the company's turnaround plan after the announcement of price hikes, more ads, and cost cuts to boost the business.
Shares of Rite Aid fell slightly after reports of bankruptcy preparations, following a 51% drop on Friday due to legal battles and a debt of $3.3 billion.
Shares of Cboe Global Markets Inc. fell by 0.12% as the stock market experienced an overall poor trading session, marking the stock's third consecutive day of losses.
Shares of Netflix Inc. fell 0.65% on a rough trading session for the stock market.
Shares of AMC Entertainment fell over 35% after the company announced plans to sell more than 40 million common shares, following its recent 1-for-10 reverse stock split and a decline of 84% in the last year.
Shares of Alphabet Inc. Cl A fell 0.51% as the stock market experienced a dismal trading session, although it outperformed some of its competitors.
Carnival and Royal Caribbean cruise lines gain 2% after being upgraded by Truist, while Deere and CNH Industrial stocks slide due to agricultural production cuts, Starbucks shares fall over concerns in China, CVS Health rises after upgrade, Dell Technologies rises after upgrade with increased price target, Super Micro Computer stock adds over 2% after initiating coverage, Planet Fitness downgraded due to CEO shakeup, and Rocket Lab stock plunges 22% after launch failure.
Shares of Canopy Growth Corp. fell 11.54% after a rough trading session for the Canadian market.
Shares of PVH Corp. dropped 2.06% on a poor trading day, marking the second consecutive day of losses for the stock.
Shares of Sirius XM Holdings Inc. fell 0.49% on a rough trading day, marking the stock's second consecutive day of losses, but outperforming some of its competitors.
Summary: Despite recent challenges and a decline in share prices, Carnival stock may be an attractive option for investors due to expected improvements in the economy, bullish analyst recommendations, and a projected increase in demand driven by the growing retiree population.
Carnival Corporation posted record revenue and its first quarterly profit since 2020 due to a surge in bookings, but shares fell as rising fuel costs could impact profit margins.
Luxury goods conglomerate LVMH saw its shares fall by as much as 8% after reporting slower revenue growth in the third quarter compared to the first half of the year.
Morgan Stanley's third-quarter profit dropped due to sluggish dealmaking and smaller inflows to the wealth management division, causing shares to sink by 6.5%.
