Carnival Corporation (CCL) shares are rising after the cruise operator announced plans to fold its P&O Cruises Australia brand into its flagship Carnival Cruise Line brand. The Market Domination team For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
Growth concerns dragged stocks lower on Tuesday, with all major indices trading in the red as investors took a cautious tone on riskier assets. The S&P 500 faced selling pressure when attempting to break above 5,300 levels. It traded down 0.4% by midday in New York. Major large-cap indices showed only marginal dips and small caps felt the brunt of the selloff while the iShares Russell 2000 ETF (NYSE:IWM) was down 1.4%. On The Macro Front Tuesday witnessed further indication of a potential slowin
Carnival will retire the P&O Cruises Australia brand and combine its Australia operations into Carnival.