Stocks Slammed on Coronavirus Fears

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The coronavirus has now taken the lives of 82 people, and there are over 2,800 confirmed cases, according to Chinese authorities...

The CDC said Monday that they were investigating 110 suspected cases, and said that there are five confirmed cases in the United States. The cases are located in Washington, Illinois, California and Arizona.

All of the major indices were falling Monday on virus fears. 

The Dow closed down 450 points, or 1.5%. The S&P 500 was down over 1.5% and the Nasdaq was down 1.8%. 

Sector-wise, fast-food stocks with exposure to China, travel stocks and casinos were all getting slammed.

Stocks such as Luckin Coffee  (LK) - Get Report, United Airlines  (UAL) - Get Report, Delta Airlines  (DAL) - Get Report, Carnival  (CCL) - Get Report, Royal Caribbean  (RCL) - Get Report and more were falling sharply.  

However, it wasn't all bad news. Moderna  (MRNA) - Get Report was rising after reporting that it was going to research a vaccine for coronavirus. 

Watch the full video above for more.

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