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How To Get Carnival Cruise Discounts

Published: January 4, 2024

by Roslyn Lees

  • Travel Guide
  • Travel Tips

how-to-get-carnival-cruise-discounts

Introduction

Going on a cruise is a dream for many people. The breathtaking ocean views, luxurious amenities, and exciting on-board activities make for a truly memorable experience. However, the cost of a cruise can sometimes be a deterrent for those on a budget. Luckily, there are ways to get discounts on Carnival cruises, allowing you to embark on your dream vacation without breaking the bank.

Whether you’re a seasoned cruiser or it’s your first time setting sail, finding the best deals can make a significant difference in your overall cruise experience. In this article, we will explore various strategies that will help you secure Carnival cruise discounts and save money on your next voyage.

Before diving into the tips, it’s important to note that securing a discount doesn’t mean sacrificing on quality. Carnival Cruise Line is known for its exceptional service, diverse itineraries, and a wide range of entertainment options. By utilizing these strategies, you can take advantage of discounts while still enjoying all the perks and amenities that Carnival cruises have to offer.

So, whether you’re planning a family vacation, a romantic getaway, or a solo adventure, read on to discover how you can score Carnival cruise discounts and make your dream cruise a reality.

Researching Deals

When it comes to getting Carnival cruise discounts, the first step is thorough research. By dedicating some time to search for the best deals, you can save a significant amount of money on your cruise booking.

Start by visiting the official Carnival Cruise Line website. They often have special promotions and limited-time offers that you can take advantage of. Look for any discounted rates or package deals that suit your travel preferences.

In addition to the Carnival website, explore other travel websites and online travel agencies. Websites such as Expedia, Travelocity, and Kayak often offer competitive prices and exclusive deals on Carnival cruises. Compare prices across multiple sites to ensure you’re getting the best possible price.

One useful tip is to sign up for newsletters and email alerts from both the official Carnival website and various travel websites. This way, you’ll receive notifications about upcoming deals and promotions directly to your inbox.

Another avenue to explore is social media. Follow Carnival Cruise Line on platforms like Facebook and Twitter to stay updated on any flash sales or last-minute discounts they may offer. Additionally, join online cruise communities and forums where fellow cruisers share their experiences and offer advice on finding the best deals.

Lastly, don’t underestimate the power of word-of-mouth. Talk to friends, family, and coworkers who have been on Carnival cruises before. They may have insider tips or know about special discounts that could help you save on your booking.

Remember, the key to researching deals is being proactive and staying informed. By exploring multiple sources and keeping an eye out for promotions, you’ll be well on your way to finding the best Carnival cruise discounts available.

Booking Early

One of the most effective ways to secure Carnival cruise discounts is to book your trip well in advance. By planning ahead and making your reservation early, you can take advantage of early bird offers and discounted rates.

Carnival Cruise Line often incentivizes early bookings by offering reduced fares, onboard credits, or free upgrades. These promotions are typically available for a limited time, so it’s essential to keep an eye out for any early booking deals on the official Carnival website or through travel agencies.

Booking early not only grants you access to discounted rates but also provides you with a wide variety of cabin options. As the cruise ship fills up, the availability of certain cabin types may become limited, and prices may increase. By securing your spot early, you have a better chance of choosing the cabin category that suits your preferences and budget.

In addition to discounted rates and cabin availability, booking early also allows you to plan your trip well in advance. You can take your time researching shore excursions, pre-booking specialty dining experiences, and arranging any necessary travel accommodations. This level of preparation gives you peace of mind and ensures that you can make the most out of your Carnival cruise experience.

Keep in mind that booking early doesn’t mean you have to pay the entire cost upfront. Most cruise lines, including Carnival, offer flexible payment plans that allow you to put down a deposit at the time of booking and pay the remaining balance closer to your departure date.

Overall, booking your Carnival cruise well in advance not only secures discounted rates and preferred cabin options but also gives you the opportunity to plan your trip with ease. Take advantage of the early bird promotions, compare prices, and secure your spot on the cruise ship to ensure a memorable and cost-effective vacation.

Last-Minute Deals

If you have a flexible schedule or are open to spontaneous travel, last-minute deals can be a fantastic way to score Carnival cruise discounts. Cruise lines often offer significant savings on unsold cabins in the weeks leading up to the departure date.

To find last-minute deals on Carnival cruises, start by checking the official Carnival website or contacting a travel agent. They may have a dedicated section or a newsletter that showcases any discounted rates for upcoming sailings.

In addition to the official website, explore online travel websites and cruise-specific deal websites. Sites like Cruise Critic and Vacations To Go often have a “Last-Minute Deals” section where you can find discounted Carnival cruises with departure dates within the next few months.

It’s important to note that last-minute deals are typically available for select sailings and cabin categories. If you have specific preferences or requirements, such as a particular itinerary or cabin type, you may have to be more flexible to take advantage of these discounts.

While last-minute deals can offer significant savings, it requires being ready to book and travel at short notice. Keep in mind that flights and other travel arrangements may also need to be arranged quickly, so it’s essential to have some flexibility with your schedule.

Another tip is to set up price alerts on travel websites or sign up for email notifications. This way, you’ll be notified when discounted rates become available for specific Carnival cruises that match your desired travel dates.

If you’re comfortable with spontaneity and have the flexibility to travel on short notice, last-minute deals can be an excellent way to enjoy a Carnival cruise at a fraction of the cost. Keep an eye on the deals, be prepared to book quickly, and get ready for an exciting and affordable vacation.

Traveling During Off-Peak Seasons

One of the most effective ways to secure Carnival cruise discounts is to travel during off-peak seasons. Off-peak seasons are periods when there is less demand for cruises, resulting in lower prices and more attractive promotions.

Typically, peak seasons for cruises are during school holidays, summer months, and major holidays like Christmas and New Year. By choosing to sail during less popular times, such as shoulder seasons or weekdays, you can often find significant savings on Carnival cruises.

Traveling during off-peak seasons not only offers discounted rates but also provides a more relaxed and less crowded cruise experience. You’ll have more space to enjoy the ship’s amenities, shorter lines for popular activities, and a generally more peaceful atmosphere.

Additionally, during off-peak seasons, you may have a better chance of scoring upgrades or special perks. With fewer passengers on board, cruise lines may offer cabin upgrades or onboard credits to entice more bookings.

To find out the best off-peak seasons for Carnival cruises, consult the official Carnival website or speak to a travel agent. They can provide insights on the quieter periods and any specific promotional offers available during those times.

It’s important to note that while traveling during off-peak seasons can be more affordable, it may require some flexibility in your travel dates. Be prepared to adjust your schedule to take advantage of the discounted rates and promotions.

Overall, traveling during off-peak seasons allows you to enjoy Carnival cruises at lower costs while enjoying a more relaxed and intimate cruise experience. Take advantage of the quieter periods, plan your trip accordingly, and get ready for a memorable and cost-effective voyage.

Taking Advantage of Loyalty Programs

If you’re a frequent cruiser or plan on taking multiple Carnival cruises in the future, it’s worth considering joining the Carnival loyalty program. Carnival offers a loyalty program called “VIFP” (Very Important Fun Person) that provides various perks and discounts to repeat cruisers.

By signing up for the VIFP program, you can earn loyalty points for each cruise you take with Carnival. These points accumulate over time and unlock different membership levels, each offering exclusive benefits and discounts.

As a VIFP member, you’ll receive benefits such as priority check-in and boarding, special onboard events, discounts on spa treatments and specialty dining options, and even complimentary cabin upgrades, depending on your membership level.

The higher your loyalty level, the more generous the benefits become. For example, as a Diamond or Platinum member, you may enjoy perks like a free seven-day cruise or dedicated concierge services.

In addition to the rewards and benefits, members of the VIFP program receive early access to promotions and discounted rates. These exclusive discounts can significantly reduce the cost of your Carnival cruise.

To join the VIFP program, simply visit the Carnival Cruise Line website and sign up for free. You’ll automatically start earning points on your first cruise, and your membership benefits will grow as you continue to sail with Carnival.

Even if you’re new to Carnival cruises, don’t miss the opportunity to create a VIFP account. It’s never too early to start earning points and reaping the benefits of loyalty programs.

So, if you plan on embarking on multiple Carnival cruises or want to maximize your benefits and discounts, be sure to enroll in the VIFP program. Start accumulating points and enjoy the perks of being a valued member on your future adventures at sea.

Group Discounts

If you’re planning to travel with a group of family members, friends, or colleagues, you may be eligible for group discounts on your Carnival cruise. Group discounts can provide significant savings and additional perks for everyone in your party.

Carnival Cruise Line offers group rates for groups that typically consist of at least 16 passengers. The exact group size required may vary, so it is best to check with Carnival or your travel agent for the specific requirements.

Group discounts can vary depending on factors such as the size of the group, the chosen sailing, and the accommodation preferences. In addition to lower fares, Carnival may offer additional perks for groups, such as onboard credits, complimentary upgrades, or exclusive group activities.

To take advantage of group discounts, it’s crucial to coordinate with the group leader or organizer. The group leader will be responsible for communicating with Carnival or the travel agent, providing the necessary information, and securing the group booking.

If you’re not part of an existing group, you can consider joining a group cruise organized by a travel agency or a social group. These organized group cruises often offer special discounts, group activities, and the opportunity to connect and socialize with like-minded individuals.

Keep in mind that group rates and discounts are subject to availability and may require booking well in advance. It’s advisable to start planning and making arrangements as early as possible to secure the best rates and ensure a smooth and enjoyable group cruise experience.

So, if you’re traveling with a group of people, whether it’s a family reunion, a wedding celebration, or a corporate retreat, be sure to explore the group discount options offered by Carnival Cruise Line. By booking as a group, you can enjoy significant savings and create unforgettable memories together.

Booking Through Travel Agents

When it comes to securing the best Carnival cruise discounts, working with a travel agent can be highly beneficial. Travel agents have access to exclusive deals, promotions, and industry knowledge that can help you find the best prices and options for your Carnival cruise.

Travel agents specialize in cruise bookings and have relationships with cruise lines like Carnival. They are familiar with the available promotions, discount codes, and hidden savings that may not be easily accessible to the general public.

By booking through a travel agent, you can tap into their expertise and experience. They can guide you through the booking process, provide personalized recommendations, and help you navigate any complexities or questions that may arise.

Furthermore, travel agents often have access to bulk-buying options, allowing them to negotiate better rates on cabins and packages. They can pass on these savings to you, ensuring you get the most value for your money.

Another advantage of booking through a travel agent is the convenience they offer. They can handle all the details and logistics, including arranging flights, transfers, and pre- and post-cruise accommodations. This saves you time and effort, allowing you to focus on preparing for your cruise.

When selecting a travel agent, choose one with experience in cruise bookings and a good reputation. Ask for recommendations from friends, family, or fellow cruisers, and read reviews to ensure that you’re working with a reliable and trustworthy agent.

Once you’ve chosen a travel agent, communicate your preferences, budget, and any specific requirements you have for your Carnival cruise. They will use their expertise to find the best deals and options that align with your needs.

While working with a travel agent may come with a small booking fee, the savings and expertise they provide can outweigh the cost. Ultimately, you’ll have peace of mind knowing that you’re getting the best possible deal and that your booking is taken care of by a knowledgeable professional.

So, if you prefer having the support and expertise of a dedicated professional, consider booking your Carnival cruise through a travel agent. They can help you secure the best discounts, navigate the booking process, and ensure a smooth and enjoyable cruise experience.

Monitoring Special Promotions and Sales

When searching for Carnival cruise discounts, it’s essential to stay up-to-date with special promotions and sales. Carnival regularly offers limited-time promotions, flash sales, and exclusive discounts that can help you save money on your cruise booking.

To ensure you don’t miss out on any offers, it’s crucial to monitor the official Carnival Cruise Line website regularly. They often feature special promotions on their homepage or have a dedicated “Special Offers” section where you can find discounted rates, reduced deposits, or onboard credit incentives.

In addition to the Carnival website, sign up for their newsletter or email alerts. This way, you’ll be among the first to know about any new promotions or discounts. These newsletters often contain exclusive deals that are not available to the general public.

Furthermore, follow Carnival Cruise Line on social media platforms like Facebook, Twitter, and Instagram. They frequently announce flash sales or limited-time promotions that can provide significant savings on select sailings. By staying connected, you’ll be alerted to any time-sensitive deals.

Another useful strategy is to subscribe to travel deal websites and newsletters. Websites like Travelzoo, Cruise Critic, and Vacationstogo.com regularly feature cruise deals and promotions, including those from Carnival Cruise Line. By signing up for their alerts, you’ll receive notifications about discounted rates and special offers directly in your inbox.

Remember that these promotions usually have a limited availability, so it’s important to act quickly. Once you find an offer that fits your travel plans and budget, don’t hesitate to book before it expires or sells out.

Lastly, don’t forget to compare prices and do your research. Even if you come across an enticing promotion or special offer, it’s worth checking other travel websites and agencies to see if they are running similar deals or have additional incentives.

By actively monitoring special promotions and sales, you can take advantage of the best Carnival cruise discounts available. Stay vigilant, sign up for newsletters, and be ready to book when a deal that suits your needs arises.

Checking for Military or Senior Discounts

If you are a member of the military or a senior, you may be eligible for special discounts on Carnival cruises. Carnival Cruise Line offers exclusive pricing and benefits for these groups, allowing you to save even more on your cruise vacation.

For active, retired, and honorably discharged members of the U.S. military, Carnival offers special military discounts. These discounts can be applied to select sailings and can provide significant savings on the cruise fare for you and your immediate family members.

To take advantage of the military discount, you will need to provide proof of eligibility, such as a valid military ID or other documentation. It’s important to check the specific requirements and eligibility criteria outlined by Carnival Cruise Line.

In addition to military discounts, Carnival also offers special rates for seniors aged 55 and older. These senior discounts can be applied to a range of sailings and can provide substantial savings on your cruise fare.

Similar to the military discount, you will need to provide proof of age to qualify for the senior discount. Valid identification documents, such as a driver’s license or passport, may be required.

Both military and senior discounts can be applied during the booking process. When booking your Carnival cruise, inform the booking agent or enter the relevant discount code online to ensure the discount is applied to your reservation.

It’s important to note that military and senior discounts are subject to availability and may have restrictions or blackout dates. It’s advisable to book early and check for any additional terms and conditions associated with these discounts.

If you belong to either of these groups, make sure to take advantage of the special discounts available to you. Carnival Cruise Line values and appreciates the service and contributions of military members and seniors, and these discounts are a way for them to show their gratitude.

So, if you’re eligible for military or senior discounts, don’t forget to inquire about these special rates when booking your Carnival cruise. It’s a fantastic opportunity to save even more and enjoy a memorable vacation at an affordable price.

Utilizing Online Travel Websites

When it comes to finding Carnival cruise discounts, online travel websites can be a valuable resource. These websites offer a wide range of options and competitive prices, allowing you to compare and find the best deals for your Carnival cruise.

Popular travel websites such as Expedia, Travelocity, Kayak, and Orbitz often feature Carnival cruises in their offerings. They provide an easy-to-use platform where you can explore different sailing dates, cabin categories, and itineraries.

By utilizing these online travel websites, you gain access to a variety of features and benefits. These platforms allow you to filter and customize search results based on your preferences, such as departure port, duration of the cruise, or specific ship amenities.

In addition to comparing prices, online travel websites often have partnership agreements with cruise lines and can offer exclusive promotions and discounts. This can result in significant savings on your Carnival cruise booking.

One advantage of using online travel websites is the ability to read customer reviews and ratings. You can gain valuable insights from fellow cruisers who have experienced Carnival cruises and learn about their experiences, recommendations, and any tips they may have regarding discounts and deals.

Furthermore, these travel websites often offer user-friendly interfaces that allow you to easily compare prices, check cabin availability, and view detailed itineraries. This makes the booking process efficient and convenient.

It’s important to note that while online travel websites are a fantastic resource, it is still advisable to cross-check prices and promotions with the official Carnival Cruise Line website. Sometimes, Carnival may have exclusive deals or offers that are not available through third-party websites.

When using online travel websites to book your Carnival cruise, be sure to pay attention to any additional fees, cancellation policies, and booking terms. It’s essential to read the fine print and fully understand the terms and conditions before making your reservation.

So, if you’re looking for convenience, options, and competitive prices, utilizing online travel websites is a great way to find Carnival cruise discounts. Take advantage of these platforms to compare prices, read reviews, and ultimately book your dream vacation at a cost-effective rate.

Considering Cabin Upgrades

When booking a Carnival cruise, considering cabin upgrades can be a great way to enhance your experience while still potentially saving money. Upgrading your cabin can provide added comfort, additional amenities, and sometimes even exclusive perks.

Carnival offers various cabin categories, ranging from interior cabins to suites, each offering different features and price points. While the initial pricing may vary, it’s worth exploring the possibilities of upgrading to a higher category.

One option for upgrading is to select a higher deck or a location closer to the ship’s amenities. This can provide convenience and quicker accessibility to the various onboard activities, dining venues, and entertainment options.

Another consideration is upgrading to a cabin with a balcony, as it offers breathtaking views and a private space to relax. The fresh ocean air and the ability to enjoy breakfast or a sunset from your own balcony can significantly enhance your cruise experience.

Additionally, some higher-category cabins may come with special perks such as priority boarding, access to exclusive lounges, or even complimentary specialty dining experiences. These added benefits can enhance your overall cruise experience and provide extra value for the cost of your upgrade.

When considering a cabin upgrade, it’s important to balance your budget and priorities. Determine what aspects are most important to you during your cruise and consider how much you are willing to invest in an upgraded cabin.

To explore cabin upgrade options, either consult the official Carnival website or speak with a travel agent. They can provide details on the different cabin categories available, their features, and the associated costs.

Keep in mind that cabin upgrades are subject to availability, and the cost may vary depending on the sailing date and demand. If you have specific cabin preferences or are looking to upgrade to a particular category, it’s advisable to book early to increase your chances of securing the desired upgrade.

Ultimately, cabin upgrades offer the opportunity to enhance your Carnival cruise experience by adding extra comfort, amenities, and exclusive perks. Consider your priorities and budget, compare the options available, and make an informed decision on whether a cabin upgrade is right for you.

Embarking on a Carnival cruise is an incredible experience, and finding discounts can make it even more enjoyable. By following the strategies outlined in this article, you can secure Carnival cruise discounts and save money without compromising on quality.

Start by thoroughly researching deals on the official Carnival Cruise Line website and other online travel websites. Sign up for newsletters and email alerts to stay informed about special promotions and limited-time offers. Don’t forget to utilize social media platforms and online cruise communities to uncover exclusive discounts and flash sales.

Consider booking early to take advantage of early bird offers, discounted rates, and a wider range of cabin options. If you’re flexible with your travel plans, keep an eye out for last-minute deals that offer significant savings on unsold cabins.

Traveling during off-peak seasons can not only save you money but also provide a more relaxed and intimate cruise experience. Explore the benefits of loyalty programs if you plan on taking multiple Carnival cruises in the future.

For group travel, don’t forget to inquire about group discounts that can offer significant savings and additional perks. Consider booking your Carnival cruise through a travel agent who can provide expertise, access exclusive deals, and handle all the logistical details.

Stay vigilant by monitoring special promotions and sales, as these can provide excellent opportunities to secure discounted rates and added benefits. Check for military or senior discounts if you’re eligible, and don’t hesitate to utilize online travel websites to compare prices and access exclusive deals.

Lastly, consider cabin upgrades to enhance your cruise experience. Balcony cabins and higher-category accommodations can offer breathtaking views, added comfort, and exclusive perks.

In conclusion, with proper research, planning, and a little flexibility, you can find Carnival cruise discounts that will make your dream vacation a reality. By implementing these strategies, you can enjoy all the luxury, entertainment, and relaxation that Carnival Cruise Line offers, while still saving money and creating lifelong memories.

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  • Carnival Cruise Lines

Any discounts or promo codes for shore excursions?

By LongHill44 , March 19, 2018 in Carnival Cruise Lines

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250+ Club

Is there any discount to booking before we leave port?

We are hitting Grand Turks, Half Moon Cay and Freeport.

Thanks for any input

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3,000+ Club

pacruise804

When we booked this itinerary we received a brief sale of 10% off (I think) for a bundle of 3 excursions. Since we didn't plan on doing a paid excursion at each port (really at any of these ports this time) I mostly ignored it. Pretty sure you had to pick one at each stop though, and couldn't get the discount with just one.

Mutumbojimbo

Mutumbojimbo

Other than the bundled excursion discounts that you get at the time of booking, I've never found a promo code that worked. If you search for promo codes, you'll probably find some codes, but they have never worked for me.

50+ Club

iriecruising

I am not familiar with any promo codes for excursions but when I do book them I plan on getting another gift card through AARP to pay for the excursions. Saving 10% on the cost of the gift card is the same as saving 10% on the excursion I am paying for with the card. It's at least something!

teknoge3k

Something that I have always wondered, and I didn't feel like starting a new thread just to ask it...... Why do people call it Grand Turks? So many people add an "s" to Turk. I know it's Turks and Caicos Islands, but the place you're visiting is Grand Turk. I've always pondered where people adopted the s from?

beachbum53

Is there any discount to booking before we leave port?   We are hitting Grand Turks, Half Moon Cay and Freeport.   Thanks for any input

I'm not sure about the ports of call you have listed, but we have seen and been able to take advantage of discounts at other ports. St. Thomas and LaRomana were a couple of them. I should mention , however, that these were with independent tour operators. If you a have a group of "X" number of people to book the excursion, and submit a code (usually the group organizer's name), you get a discount of 10% (or more) per person.

CruisinJerseyMom

There is a promo going on right now for 10% off Grand Turk excursions. Use code GTFB10

nutterbutter818

I usually compare similar excursions on Shore Excursioneer. They are often less expensive BUT you have to read the fine print to know where to meet, if transportation is included, etc.

10,000+ Club

SNJCruisers

We did the Kayak excursion through Carnival on our last (and first) visit to Freeport. We found it to be one of our favorite excursions ever. The vehicle we took was well maintained and roads were not bad - they do drive on the left, so you may want a driver versus renting a car. While it is an industrial port and town, the island has a lot to offer.

Our September cruise was a bit of an impulse and we are trying to keep a tighter budget, so no excursions. It looks like there is a nice little shopping area inside the port (plus Senor Frog), so I think we can easily spend a relaxing few hours looking around (and it didn't have the pushy feel of Nassau). Our time in Freeport for was limited so we didn't have time to shop.

martinchem

Using Carnival charge card gives 10% discount on excursions.

"Live from...."

PrincessArlena'sDad

Thanks! I just used this, and it saved me $33.50 for 5 of us.. And, I just bought an egift card from allstate to pay for it.

So, I just saved a total of $67 thanks to the info from these boards!

Cool Cruiser

Thank you! Just saved $90 using this and gift cards [emoji4]

Sent from my iPad using Forums

  • 3 months later...

CruzinKittie

CruzinKittie

I just bought an egift card from allstate to pay for it.
Say now what??? How do I do this? I have been using Allstate for years, never heard of such.

Sent from my SM-G930P using Forums mobile app

Micahs Grandad

Grand Turk...go to pool at Margaritaville and beach next to ship. HMC...beautiful beach day. Freeport...Beautiful stay on ship day. Excursion money spent....zero.

I would agree. If you want a different bar at GT walk down the beach to Jacks Shack. No reason to do an excursion here.

BlerkOne

Snorkeling in the pools is not very good. If you like to snorkel, you might consider an excursion. Some of them should include drinks, which can be pricey at the land bars.

coevan

" they do drive on the left, so you may want a driver versus renting a car" lived on and off in St.Thomas for years. It's very easy to drive on the left, not rocket science

We stay on the ship in GT. We have Cheers, swimming pools, slides, empty Serenity area, and as much food as you like.

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A fire broke out on Royal Caribbean International’s Icon of the Seas cruise ship on Tuesday.

The ship also experienced a brief loss of power, according to Nathaniel Derrenbacher, a spokesperson for the line’s parent company, Royal Caribbean Group . The ship was docked in Costa Maya, Mexico, at the time.

There were no injuries and the small fire – which was isolated to a crew area – was quickly extinguished. The ship’s backup power was activated immediately, and the main power systems were restored.

Derrenbacher did not have additional information on where the fire occurred or how long the power outage lasted.

The vessel’s itinerary was not impacted. Icon, the biggest cruise ship in the world , is currently sailing a week-long Western Caribbean cruise that departed from Miami, Florida on Saturday, according to CruiseMapper . The ship is scheduled to visit Cozumel on Wednesday.

The news comes after a fire occurred in the exhaust funnel of Carnival Cruise Line’s Carnival Freedom ship in March, the second such fire on the vessel in less than two years.

Nathan Diller is a consumer travel reporter for USA TODAY based in Nashville. You can reach him at [email protected].

Nvidia rebounds, and it’s back to masking losses for the rest of Wall Street

The New York Stock Exchange

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A rebound for Nvidia propped up a weakened Wall Street on Tuesday.

The Standard & Poor’s 500 rose 0.4% and neared its all-time high set a week earlier, while the Nasdaq composite leaped 1.3% for its first gain in four days. Such strength came even as most stocks outside Wall Street’s frenzy around artificial intelligence technology fell.

The Dow Jones industrial average, which doesn’t include Nvidia among its members, was a laggard and sank 299 points, or 0.8%.

Nvidia climbed 6.8%; without that gain, the S&P 500 would have ended with a loss for the day. The chip company’s shares snapped a three-day losing streak during which they lost nearly 13%, their worst such stretch since 2022.

It’s just one stock, but Nvidia has the power to swing the S&P 500 around because it’s grown to become one of Wall Street’s largest and most influential companies.

Voracious demand for Nvidia’s chips to power artificial intelligence applications has been a big reason for the U.S. stock market’s run to records recently, even as the economy’s growth slows under the weight of high interest rates. But the AI boom has been so frenzied that it’s raised worries about a possible bubble in the stock market and too-high expectations among investors.

The recent struggles for Nvidia haven’t caused too many concerns, at least not yet. Part of that is because Nvidia’s 13% dip over three days was a drip compared with its 1,000% surge since autumn 2022. Market watchers have also been hoping for more stocks to participate in the rising stock market rather than just Nvidia and a handful of AI winners.

That’s what happened Monday, when banks, oil companies and other stocks outside the AI boom rallied as Nvidia sank. But it may be a challenge for such stocks to keep picking up slack from AI darlings, depending on how much more the U.S. economy’s growth slows.

In financial markets, the focus is starting to swing toward growth and away from just inflation and interest rates, according to Michael Wilson and other strategists at Morgan Stanley.

Pool Corp., a distributor of swimming pool supplies, tumbled 8% after it cut its financial forecasts for the year and said construction of new pools is falling amid “cautious consumer spending on big ticket items.”

It was the worst performer in the S&P 500, but Pool wasn’t alone. Three out of every four stocks in the index fell.

SolarEdge Technologies dropped 20.6% after it said a customer that owes it $11.4 million had filed for Chapter 7 bankruptcy, which raises questions about how much the solar power company can collect and when. The smaller companies in the Russell 2000 index also fell 0.4%.

Broadly, sales at retailers across the country have been up and down recently as companies highlight how lower-income customers are struggling to keep up with still-rising prices. The job market, though, still looks mostly solid. And a report Tuesday showed that confidence among U.S. consumers fell this month but not quite as much as economists expected.

Upper-income households seem to be doing better, and they’re booking trips on cruise ships. Carnival steamed 8.7% higher after it raised its profit forecast for 2024. The cruise company said bookings for the rest of the year are the best on record in terms of both price and occupancy. And bookings for next year may end up even better.

All told, the S&P 500 rose 21.43 points to 5,469.30. The Dow dropped 299.05 points to 39,112.16, and the Nasdaq composite jumped 220.84 points to 17,717.65.

In the bond market, Treasury yields held relatively steady. The yield on the 10-year Treasury remained at 4.23%, where it was late Monday.

It’s been mostly falling since topping 4.70% in late April, which has relaxed the pressure on the stock market. Yields have sunk on hopes that inflation is slowing enough to persuade the Federal Reserve to cut its main interest rate later this year.

The Fed has been keeping the federal funds rate at the highest level in more than 20 years, hoping to grind down on the economy just enough to get inflation under control. The hope on Wall Street is that the Fed will cut interest rates at the exact right time. If it waits too long, the economy’s slowdown could careen into a recession. If it’s too early, inflation could reaccelerate.

Investors have been itching for the first cut to interest rates, with many traders betting on it arriving in September. But stocks don’t always rise afterward. Since 1974, the S&P 500 has dropped an average of roughly 20% in the 250 days following the first rate cut, according to Wells Fargo Investment Institute.

That’s because it matters why the Fed is cutting rates. If it’s doing so simply because inflation has slowed enough to cut rates, that could be good for stocks. But if it cuts because the economy is spinning toward a recession, that’s different.

Choe writes for the Associated Press.

More to Read

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FILE - Bimbo bread is displayed on a shelf at a market in Anaheim, Calif., on April 24, 2003. On Tuesday, June 25, 2024, U.S. federal food safety regulators warned Bimbo Bakeries USA - which includes brands such as Sara Lee, Oroweat, Thomas', Entenmann's and Ball Park buns and rolls - to stop using labels that say its products contain potentially dangerous allergens when they don't. (AP Photo/Damian Dovarganes, Files)

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