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Opinion
Nir Kaissar

U.S. Stock Market Appears Most Vulnerable to Virus Shock

A handful of expensive tech companies hold broad sway.

Virus bait.

Virus bait.

Photographer: Spencer Platt/Getty Images

The stock market with the most to lose from a wider coronavirus outbreak is the one in the U.S.

Global markets sold off on Monday and Tuesday on reports that authorities are struggling to contain the virus, which has now spread to more than 30 countries and increasingly threatens the global economy. Until this week, the declines in global stocks seemed to be driven by proximity to the virus’s epicenter in China, but it’s becoming increasingly clear that few markets will escape harm if the virus isn’t contained.