Major U.S. markets sank on Monday, amid growing fears of an uncontrollable spread of the coronavirus epidemic, while oil prices were near collapse due to a standoff between Russia and Saudi Arabia.
The S&P 500 was down 6.2% to 2,787.42 during midday trading.
The Dow Jones Industrial Average fell 6.2% to 24,161.78.
The Nasdaq dropped 5.5% to 8,104.55.
The yield on a 10-year Treasury bond sank 26% to 0.521%
The price of gold decreased 0.1% to $1,670.
The price for a barrel of oil plunged 20% to $33.09.
RETAIL
Western-themed retailer Boot Barn Holdings Inc. (NYSE: BOOT) plummeted 28% to $19.47 per share for a market cap of $562.5 million. The shares have lost 44% of their value since the start of the year.
TECHNOLOGY
Data analytics software maker Alteryx Inc. (NYSE: AYX) of Irvine plunged 15% to $113.85 per share for a market cap of $7.5 billion. The company postponed an analyst day that had been scheduled for Tuesday due to the coronavirus spread.
