Why Carnival, Royal Caribbean, and Hertz Global Stocks All Dropped Today
Give them an "A" for effort: Stock markets made a valiant attempt to rally on Wednesday morning, with the Dow, Nasdaq, and S&P 500 all up more than 1% at one point. But the rally is fizzling, partly because of what have become the usual wet blankets: Royal Caribbean (NYSE: RCL), Carnival (NYSE: CCL), and Hertz Global Holdings (NYSE: HTZ) were down 7.7%, 8.5%, and a staggering 11.2%, respectively, as of 1:35 p.m. EST on Wednesday.
Image source: Getty Images.
Why these stocks? I'll give you three guesses, but if you've been paying attention, you'll only need one: the SARS-CoV-2 coronavirus.
Source Fool.com