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MARKETS LIVE BLOG:

STOCKS SHED GAINS, TESLA SURGES DAY AFTER EARNINGS

Tesla shares jump after EV maker vows to speed up launch of more affordable models

Cruise ship stocks are the worst performers in S&P 500 after Morgan Stanley predicts weak demand

Fred Imbert

Carnival, Royal Caribbean Cruises and Norwegian Cruise Line all dropped more than 4 percent and were among the worst-performing stocks in the S&P 500. "Our channel checks show solid booking volumes but at flat prices, and agents cite concerns about the Caribbean and general Q4 demand," Morgan Stanley analyst Jamie Rollo said in a note. Rollo added that a stronger dollar, coupled with rising fuel costs, led him to cut his earnings per share estimates for fiscal 2019.

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