Why Are Airline and Cruise Line Stocks Getting Crushed by Tariffs?

The stock market was experiencing its biggest one-day declines in several years on Thursday in the wake of President Trump's tariff announcements. Not only will the tariffs affect over 180 countries around the world, but for the most part, they were also far worse than experts had anticipated.As a result, the S&P 500 was lower by 4.3% as of 2:30 p.m. ET today. The tech-heavy Nasdaq was down 5.5%, and the small-cap Russell 2000 index fell by 6% and is now in bear market territory because it is over 20% below ...