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Why Visa, Mastercard, and Disney Stocks Dropped Today

TheMotleyFool

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Why Visa, Mastercard, and Disney Stocks Dropped TodayPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/0defe5ca-333a-451e-9549-4f262e278fc7.png

Stocks sold off hard Monday morning on coronavirus concerns, and while high-flying, profitless tech stocks got hit hardest, it's looking like investors cannot count on stolid, cash-rich blue chips to be immune to coronavirus either.

In afternoon trading, shares of Visa (NYSE: V) tumbled 4.2% and Mastercard (NYSE: MA) fell 5%, while Walt Disney (NYSE: DIS) suffered a 5.4% loss as of 12:35 p.m. EST.

The good news is that Visa and Mastercard are up a bit off their lows of earlier today; the bad news is that Disney hasn't recovered much at all. Why not?

Source Fool.com

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