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Stocks not directly tied to the coronavirus fears are also very weak in premarket trading as investors sell popular positions in a risk off move. Netflix shares were off 4%. Amazon, Microsoft and Disney all dropped more than 3%. âMelloy
Stocks directly and indirectly hurt from the spread of the coronavirus were selling down big in the premarket. American Airlines and Delta were both down more than 4%. Carnival Corp was off by more than 6%. Las Vegas Sands and MGM Resorts were both off by 5%. Tech stocks, who could have the most to lose from a slowdown in global growth, were getting hit. Advanced Micro Devices, Micron and Nvidia were all down more than 6%. Apple was off by 4%. Global apparel maker Nike was down 4%. âMelloy
U.S. stock futures are falling sharply on Monday morning as investors dump riskier assets amid a spike in coronavirus cases outside of China. Dow Jones Industrial Average futures were down more than 800 points. S&P 500 and Nasdaq 100 futures were down by 2.7% and 3.2%, respectively. South Korea raised on Sunday its coronavirus alert to the “highest level,” with the latest spike in numbers bringing the total infected to more than 750 â making it the country with the most cases outside mainland China. Italy has also reported three deaths related to the coronavirus and more than 100 cases. âImbert
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