The stock market refers to a collection of markets and exchanges where the buying and selling of shares of publicly traded companies occurs. It serves as a platform for investors to trade equity securities (stocks) and is vital for the overall economy, facilitating the flow of capital between investors and businesses. Companies raise funds for expansion and operations by issuing shares, which investors can purchase. The stock market operates through various stock exchanges, such as the New York Stock Exchange (NYSE) and the Nasdaq, where these transactions are conducted, and prices are determined by supply and demand dynamics. The performance of the stock market is often seen as an indicator of the overall economic health and investor confidence.
Carnival Corporation's stock experienced a significant drop of 7.7%, closing at $24.07 after nearing a low of $23.42. The year's stock performance has been turbulent, contrasting a peak of $28.72…