Why Travel Stocks Were Getting Battered Today
Fears over rising coronavirus cases were sinking the market today, hitting travel stocks like Booking Holdings (NASDAQ: BKNG), MGM Resorts International (NYSE: MGM), and Marriott International (NASDAQ: MAR) especially hard.
Over the weekend, new COVID-19 cases in the U.S. hit a record with about 80,000 new infections recorded on Friday, and cases across much of Europe continue to soar to new records, threatening much of the continent. Some countries across the Atlantic have begun implementing lockdown-style measures to control the spread. France has imposed a 9 p.m. curfew in most of the country.
With the weather getting colder, investors seemed to be fearing another wave of the virus as epidemiologists have been warning of for several months.
Source Fool.com
