The movements on Wall Street followed another manic day in China. Stocks in Shanghai tumbled to their worst loss since February 2020 amid disappointment that the government is not offering more stimulus for the world’s second-largest economy, the AP reports.
Leading the way were cruise-ship companies, whose customers stand to benefit from the surprisingly strong US job market . Norwegian Cruise Line steamed 10.9% higher after analysts at Citi upgraded its stock and said data suggests growth for the cruise industry
Wall Street Sets New Records as China Stocks Slump
