Over the past two days, the Dow has shed 1,500 points.
On Tuesday, the CDC warned Americans to begin prepping for the possibility of an outbreak of the coronavirus.
Officials also noted that the outbreak could be bad. They noted that they are preparing for a potential pandemic.
And the outbreaks in Iran, Italy and South Korea have raised the level of concern.
However, World Health Organization officials have yet to call the virus a ‘pandemic.’
Worldwide, there are over 80,000 cases of the virus, with 2,700 deaths.
So, let’s turn our attention back to the market and look at some of the biggest losers.
Crude oil is down over 1%.
But let’s take the biggest stock losers index by index.
First up? The Dow. American Express (AXP) - Get American Express Company Report, Dow Inc. (DOW) - Get Dow, Inc. Report, Visa (V) - Get Visa Inc. Class A Report, Cisco (CSCO) - Get Cisco Systems, Inc. Report and Boeing (BA) - Get Boeing Company Report are all down over 3%.
Then there’s the S&P 500. We have Cimarex XEC and American Airlines AAL down over 6%. Occidental (OXY) - Get Occidental Petroleum Corporation Report, Devon Energy (DVN) - Get Devon Energy Corporation Report and Southwest (LUV) - Get Southwest Airlines Co. Report are all down over 5%.
And, finally, the Nasdaq. American is leading the pack, with United (UAL) - Get United Airlines Holdings, Inc. Report close behind--it’s down over 5%. Western Digital (WDC) - Get Western Digital Corporation Report, Marriott (MAR) - Get Marriott International, Inc. (MAR) Report and Gilead Sciences (GILD) - Get Gilead Sciences, Inc. (GILD) Report are all down over 4%.
Some of the biggest losers in the market today include Palo Alto Networks (PANW) - Get Palo Alto Networks, Inc. Report, which is down over 16%, Shake Shack (SHAK) - Get Shake Shack, Inc. Class A Report, which is down over 13%, Hertz (HTZ) - Get Hertz Global Holdings, Inc. Report down over 12%, and Exact Sciences (EXAS) - Get Exact Sciences Corporation Report, which is down over 11%.