A Carnival Cruise Line passenger is in critical condition after falling on the Carnival Valor cruise ship. The US Coast Guard said the 23-year-old male passenger suffered "multiple significant injuries". According to Business Insider, he was sitting on a railing on one deck and fell 16 feet backward...
On Wednesday, Cruise line stocks tumbled. The fall came after Norwegian Cruise Lines announced it would be extending its suspension of cruise trips through September 30. Business Insider reports that initially Norwegian announced it would suspend trips through June 30. The extension of Norwegian's suspension of cruise voyages has put pressure on cruise line stocks. Norwegian fell 10%, and Carnival and Royal Caribbean fell 7% each.
Wall Street rallied sharply at Friday's opening to recover a sizable chunk of the losses seen the day before when stocks suffered their biggest drop in three months. Conway G. Gittens has the early market action.
U.S. stocks soared Monday, and the S&P 500 closed at a 10-week high. As Fred Katayama reports, encouraging data for a potential coronavirus vaccine and the promise of more stimulus for the economy sent investors on a buying spree.