Carnival Corp (NYSE:CCL) shares are trading lower by 6.4% to $20.88 during Thursday’s session. Shares of travel-related companies are trading lower amid overall market weakness following a rise in Treasury yields. Investors may be evaluating ongoing global tension related to tariffs and conflict.
What To Know: Carnival stock declined Thursday as escalating trade tensions and new tariffs on U.S. imports from Canada, Mexico and China rattled investor confidence.
The cruise line giant, which relies heavily on international supply chains and global consumer demand, faces potential cost increases as tariffs drive up prices on key materials, fuel and ship maintenance expenses.
Additionally, any retaliatory levies on U.S. travel services could dampen international bookings, a crucial revenue stream for Carnival.
Read Also: Trade Turmoil, Oil Slides: What’s Driving Markets Thursday?
What Else: The broader market remained in negative territory, with major indices struggling to …
