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.
Then there’s the S&P 500. We have Cimarex XEC and American Airlines AAL down over 6%. Occidental (OXY) - Get Report, Devon Energy (DVN) - Get Report and Southwest (LUV) - Get Report are all down over 5%.
And, finally, the Nasdaq. American is leading the pack, with United (UAL) - Get Report close behind--it’s down over 5%. Western Digital (WDC) - Get Report, Marriott (MAR) - Get Report and Gilead Sciences (GILD) - Get Report are all down over 4%.
Some of the biggest losers in the market today include Palo Alto Networks (PANW) - Get Report, which is down over 16%, Shake Shack (SHAK) - Get Report, which is down over 13%, Hertz (HTZ) - Get Report down over 12%, and Exact Sciences (EXAS) - Get Report, which is down over 11%.