The stock market is a collection of markets and exchanges where activities related to the buying, selling, and issuing of shares of publicly held companies take place. This marketplace serves as a platform for investors to trade stocks, which are representations of ownership in a company. The stock market operates through various exchanges, such as the New York Stock Exchange (NYSE) and Nasdaq, where companies list their shares to raise capital from investors. Prices of stocks fluctuate based on supply and demand, investor sentiment, economic indicators, and company performance. The stock market can be influenced by various factors, including market trends, interest rates, and global events. It plays a crucial role in the economy by facilitating capital allocation, providing companies access to funding, and giving investors opportunities to potentially grow their wealth through capital gains and dividends.
Carnival Corporation's stock experienced a significant drop of 7.7%, closing at $24.07, following a volatile trading session. The stock's 52-week high was $28.72, requiring a 19.32% increase to return to…