Consumer companies fell as the repercussions of an energy shock sank in.
Cruiseline Carnival cut its full-year profit outlook, saying a spike in fuel costs will more than offset record bookings and continually strong demand in the recent quarter. Rival Norwegian Cruise Line tumbled even as it named five new directors as part of a deal with activist Elliott Investment Management.
Similarly, the Global JETS exchange-traded fund, a basket of major carriers, tested its 2026 lows amid fears that profits would be wiped out by the spike in fuel costs.
Senate Republicans and Democrats agreed to fund most of the Department of Homeland Security, in an attempt to restore paychecks for airport-security workers and prevent snarled security lines for travelers.
Absolut vodka distiller Pernod Ricard and Jack Daniel's maker Brown-Forman are in talks to combine as alcohol companies contend with slowing sales.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
March 27, 2026 17:21 ET (21:21 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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