Carnival Shares Rise on Earnings Beat and Optimistic Outlook

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Source: Investor's Business Daily
Carnival Shares Rise on Earnings Beat and Optimistic Outlook
Photo: Investor's Business Daily
TL;DR Summary

The S&P 500 rose as Carnival and other travel-related stocks surged following strong Q2 earnings and optimistic outlooks, despite potential risks from Middle East tensions and rising fuel costs. Carnival exceeded earnings estimates, raised its full-year outlook, and reported high bookings, fueling a 9.5% stock increase.

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