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Why AMC Entertainment, Carnival, and Norwegian Cruise Lines Dropped Today

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Shares of AMC Entertainment (NYSE: AMC), Carnival (NYSE: CCL), and Norwegian Cruise Lines (NYSE: NCLH) fell again on Wednesday after a tough month of June, down 3.3%, 6.3%, and 9.9%, respectively, as of 1 p.m. ET. First, each is a consumer discretionary stock, and it's clear consumers are cutting back amid high inflation for food and fuel. Not only do they now have the added burden of interest expenses, but with interest rates now higher, any refinancing would be expensive.

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