From Chipmakers to Casinos, Virus Angst Is Far-Ranging in Stocks
- U.S. investors flee companies closely tied to China for sales
- Coronavirus has killed at least 80 people, spread globally
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Chipmakers, cruise lines and casino operators are taking some of the hardest hits in U.S. stock trading Monday as investors flee companies with close links to China, where authorities are struggling to control the deadly coronavirus.
At least 80 people have died in mainland China from the virus, which started in the city of Wuhan, while confirmed cases have jumped to more than 2,700. Fears that China has failed to contain the virus, which has spread around the globe, roiled world markets, with the S&P 500 Index sliding the most since October. The market rout comes at the start of a week that’s jam-packed with earnings from companies like Apple Inc., Amazon.com Inc. and McDonald’s Corp.