The stock market is a collection of markets and exchanges where activities related to the buying, selling, and issuing of shares of publicly traded companies occur. It serves as a platform for investors to trade ownership stakes in these companies, represented by stocks (also known as shares or equities). The stock market can fluctuate based on various factors, including economic indicators, company performance, and investor sentiment. It plays a crucial role in the economy by facilitating capital formation, providing companies with access to funds for growth and expansion, and offering investors the opportunity to earn returns on their investments through capital appreciation and dividends. The stock market operates through various exchanges, such as the New York Stock Exchange (NYSE) and the NASDAQ, and is regulated by government entities to ensure fair trading practices.
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…