Midday Movers: Carnival Corp., Nike, Apple and More
By Liz Moyer
Investing.com — U.S. stocks were mixed on Friday as stocks were on track to end their worst month since March 2020. Here are the midday movers for Sept. 30:
- Carnival Corporation (NYSE:CCL) shares fell 20% after it said higher costs because of inflation were weighing on results. Bookings are up since Covid restrictions were relaxed but the cruise operator sees fourth-quarter bookings below 2019 levels and at lower prices. Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) shares fell 15% and Royal Caribbean Cruises Ltd (NYSE:RCL) shares fell 11.9%.
- Nike Inc (NYSE:NKE) shares fell 12% after the athletic apparel maker said margins were being squeezed by the discounts it’s offering to clear its inventory.
- Apple Inc (NASDAQ:AAPL) shares are down 1% again on Friday after falling all week on worries about demand for its iPhones. The shares were on track to end the week down 6%.
- Tesla Inc (NASDAQ:TSLA) stock rose 0.5% as the electric vehicle maker prepared for its artificial intelligence presentation. Analysts expect to hear more about its full self-driving technology.
- Cineworld Group (LON:CINE) shares fell 19% after the theater chain operator, which recently filed for bankruptcy, said it expects admissions to remain below pre-pandemic levels in fiscal years 2023 and 2024.