Stock Market Update
29-Sep-26 12:25 ET
Carnival higher after earnings, other cruise lines also outperform
Dow -299.64
at 51181.78,
Nasdaq -32.79
at 26808.63,
S&P -20.77
at 7663.02
[BRIEFING.COM] The S&P 500 (-0.3%), Nasdaq Composite (-0.2%), and DJIA (-0.6%) remain pinned below their base lines as participation continues to deteriorate from this morning's mixed strength.
Carnival (CCL 24.94, +2.80, +12.62%) is a notable outperformer after its Q3 report featured better-than-expected earnings and record revenue of $8.4 billion, with resilient demand and strong execution helping offset higher fuel costs. Booking trends strengthened during the quarter, with 2027 already half booked at record occupancy and pricing and customer deposits reaching a record $7.6 billion. Carnival also exceeded its June guidance for yields and ex-fuel costs, reinforcing signs that stronger demand is translating into improved operating performance.
The strength is extending across the cruise-line group, with peers Royal Caribbean (RCL 257.12, +14.53, +5.99%) and Norwegian Cruise Line (NCLH 14.87, +0.56, +3.91%) also outperforming. Lower oil prices are providing an additional tailwind for the fuel-sensitive industry today.
