Industry Stocks Tank as Stock Markets Plunge
Fears of the worsening coronavirus epidemic compounded by a 25% drop in oil prices pushed the Dow average down 2,000 points and industry stocks were not spared in the carnage. Even the most stalwart stocks like Nike and Lululemon that often weather these downturns have been hit hard by the recent bear market with the Eager Beavertons at $84 off 23% from their Jan. high of $114 and the lulunatics down 24% from their February peak of $262 now at $201. Most other major industry stocks have shed 30-40% or more from their 2020 highs and Under Armour, which again ... Log in to view full article.