Consumer companies fell as the energy shock intensified.
The average price of a gallon of gasoline in the U.S. was $4.46 Monday, according to AAA.
Norwegian Cruise Line Holdings shares plunged after the cruise operator said it was operating against an extremely challenging backdrop. Rival Carnival fell in sympathy.
"To the degree that any issue, any crisis, the crisis du jour; to the degree that issue impacts corporate earnings, then we need to take note from a market perspective," said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management.
"If we see that higher fuel costs end up creating havoc on the corporate earnings front, then I think we need to be concerned but so far we've not seen that," Joyce said.
Soaring cattle prices dented Tyson Foods' bottom line, as the meatpacking giant tried to offset rising livestock costs through higher profits from its chicken business.
Spirit Airlines' liquidation reflects struggles among airlines worldwide with rising fuel costs that are threatening to add billions of dollars in unexpected expenses this year, The Wall Street Journal reported.
Three people on a cruise ship have died from what authorities believe is an infection with hantavirus, which is spread by rodents, while three others have been sickened, the World Health Organization said Sunday.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
05-04-26 1712ET
