Coronavirus Fears Finally Topple the Stock Market’s Kingpins
- Market leaders underperform the S&P 500 past three sessions
- Retail favorites Plug Power, Virgin Galactic and Tesla tumble
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The coronavirus has come for the market heavyweights and story stocks that previously appeared immune from the rising risks to global activity.
The likes of Apple Inc. and Microsoft Corp., along with expensive software stocks, are leading U.S. indexes lower over the past few sessions. All are underperforming the S&P 500 by more than 2 percentage points over the past three sessions.