A bear market is when stocks decline at least 20% from recent highs. The S&P index fell 3.9% to close at 3,749.63 on Monday. This is a 21.8% decline from its Jan. 3 record closing of 4,796.56.
52-week lows for CCL, NCLH, RCL
Shares in Carnival Corp., Royal Caribbean Group and Norwegian Cruise Line Holdings all dipped to 52-week lows during the session.
Carnival hit $9.77 in trading before closing at $9.91, down 10.3%.
Norwegian Cruise Line Holdings fell to $11.45 before settling at $11.55, off 12.2%.
Royal Caribbean Group traded as low as $40.92 before closing at $41.30, off 9.7%.
Look for 'Outlook uncertain,' a feature story in Seatrade Cruise Review's June issue, coming soon
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