Check out the companies making headlines in midday trading.
United, American, Delta, Southwest — Airlines and cruise lines have been on a tear as market participants bet on a return in travel demand; however, the equities fell on Tuesday, giving the reopening rally a pause. American Airlines fell 8.7%. Delta Air Lines and Alaska Air Group both dropped 8%. United Airlines and Southwest dropped 8.3% and 6.4%, respectively.
Carnival, Norwegian Cruise Line, Royal Caribbean Cruises — Cruise operators ticked lower on Tuesday as investors rotated out of the reopening trade. Carnival tanked 7.5%. Royal Caribbean and Norwegian Cruise Lines dropped 6.9% and 10.1%, respectively.