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The U.S. stock market opened with a plunge in prices, a halt in trading and then more losses after President Trump announced a pending ban on most air travel from Europe and little stimulus to the economy.
The Dow Jones Industrial Average DJIA, -7.75% tumbled as much as 2,197 points (or 9.4%) to 21,355.90, while the S&P 500 Index SPX, -6.54% fell as much as 8.5%, and the Nasdaq Composite Index COMP, -5.96% was also down as much as 8.5% in the first half hour of trading.
Read: Here’s how Invesco’s top strategist says long-term investors should navigate this market panic
Investors continued their flight to safety, pushing the yield on 10-year U.S. Treasury notes TMUBMUSD10Y, -16.25% down 16 basis points to 0.67%. The Treasury yield curve for March 11 already showed that investors were looking ahead to another interest-rate cut by the Federal Reserve. All yields up to 10 years are far below the current federal funds target rate range of 1% to 1.25%.
West Texas intermediate crude for April delivery CL.1, -4.97% was down 6% to $31.01 a barrel.
Dow
All 30 components of the Dow Jones Industrial Average were down as of 10:30 a.m. ET Thursday:
| Company | Ticker | Price change – March 12, 2020 | Price change since Feb. 19 | Decline from 52-week high | Price change – 2020 | Price change – 2019 |
| Boeing Co. | BA, -11.91% | -28.5% | -51.1% | -61.0% | -49.3% | 1.0% |
| Dow Inc. | DOW, -15.29% | -27.5% | -52.1% | -62.4% | -58.4% | N/A |
| United Technologies Corp. | UTX, -8.25% | -19.8% | -36.5% | -39.6% | -36.1% | 40.6% |
| Cisco Systems Inc. | CSCO, -6.91% | -13.7% | -25.3% | -40.7% | -27.9% | 10.7% |
| American Express Co. | AXP, -10.68% | -19.1% | -39.0% | -39.5% | -32.9% | 30.6% |
| Procter & Gamble Co. | PG, -6.69% | -11.5% | -15.0% | -16.7% | -14.6% | 35.9% |
| Pfizer Inc. | PFE, -3.87% | -10.3% | -14.4% | -30.4% | -20.9% | -10.2% |
| Walt Disney Co. | DIS, -9.00% | -14.0% | -32.2% | -37.5% | -33.7% | 31.9% |
| Johnson & Johnson | JNJ, -4.62% | -9.2% | -13.7% | -16.8% | -11.9% | 13.0% |
| Walgreens Boots Alliance Inc. | WBA, -8.38% | -13.6% | -18.5% | -34.2% | -28.0% | -13.7% |
| McDonald’s Corp. | MCD, -8.99% | -13.5% | -19.8% | -22.1% | -12.5% | 11.3% |
| Visa Inc. Class A | V, -5.63% | -12.0% | -24.6% | -24.9% | -14.5% | 42.4% |
| Travelers Companies Inc. | TRV, -6.67% | -12.9% | -22.5% | -32.8% | -23.9% | 14.4% |
| Goldman Sachs Group Inc. | GS, -7.55% | -14.5% | -33.6% | -37.1% | -31.5% | 37.6% |
| International Business Machines Corp. | IBM, -10.48% | -14.5% | -29.3% | -32.8% | -20.4% | 17.9% |
| Home Depot Inc. | HD, -9.10% | -13.9% | -20.2% | -21.4% | -11.0% | 27.1% |
| Nike Inc. Class B | NKE, -9.65% | -13.5% | -25.4% | -27.7% | -24.6% | 36.6% |
| Walmart Inc. | WMT, -6.06% | -10.3% | -8.7% | -14.3% | -9.6% | 27.6% |
| Microsoft Corp. | MSFT, -5.04% | -9.2% | -22.0% | -23.4% | -7.4% | 55.3% |
| Caterpillar Inc. | CAT, -10.41% | -14.5% | -33.5% | -39.5% | -38.4% | 16.2% |
| JPMorgan Chase & Co. | JPM, -8.35% | -10.8% | -34.6% | -36.3% | -35.5% | 42.8% |
| Intel Corp. | INTC, -6.97% | -9.1% | -26.9% | -29.2% | -18.0% | 27.5% |
| Coca-Cola Co. | KO, -7.89% | -9.9% | -19.1% | -19.6% | -12.6% | 16.9% |
| Merck & Co. Inc. | MRK, -5.80% | -8.4% | -8.4% | -18.9% | -17.4% | 19.0% |
| Apple Inc. | AAPL, -6.25% | -10.3% | -21.0% | -22.0% | -12.9% | 86.2% |
| Exxon Mobil Corp. | XOM, -7.88% | -8.5% | -34.2% | -52.4% | -43.1% | 2.3% |
| Verizon Communications Inc. | VZ, -4.81% | -6.9% | -9.6% | -15.4% | -14.3% | 9.2% |
| Chevron Corp. | CVX, -8.81% | -10.1% | -31.0% | -40.0% | -36.6% | 10.8% |
| 3M Co. | MMM, -8.87% | -7.7% | -11.2% | -35.6% | -19.8% | -7.4% |
| UnitedHealth Group Inc. | UNH, -5.93% | -6.8% | -14.5% | -14.9% | -11.2% | 18.0% |
| Source: FactSet | ||||||
You can click on the tickers for more about each company.
S&P 500
Here are the 20 worst performers in the S&P 500 as of 10: 30 a.m. ET:
| Company | Ticker | Price change – March 12, 2020 | Price change since Feb. 19 | Decline from 52-week high | Price change – 2020 | Price change – 2019 |
| Norwegian Cruise Line Holdings Ltd. | NCLH, -25.55% | -46.5% | -78.9% | -81.6% | -81.2% | 37.8% |
| Apache Corp. | APA, -7.82% | -37.4% | -76.3% | -82.3% | -73.6% | -2.5% |
| Kimco Realty Corp. | KIM, -10.57% | -34.8% | -43.2% | -51.7% | -49.1% | 41.4% |
| Live Nation Entertainment Inc. | LYV, -5.72% | -34.1% | -56.4% | -56.7% | -53.6% | 45.1% |
| Royal Caribbean Cruises Ltd. | RCL, -22.90% | -33.4% | -69.0% | -74.6% | -74.2% | 36.5% |
| Occidental Petroleum Corp. | OXY, -10.81% | -28.5% | -75.9% | -85.1% | -75.1% | -32.9% |
| Boeing Co. | US:BA | -28.5% | -51.1% | -61.0% | -49.3% | 1.0% |
| Ventas Inc. | VTR, -19.63% | -28.3% | -46.8% | -58.2% | -45.5% | -1.5% |
| Dow Inc. | US:DOW | -27.5% | -52.1% | -62.4% | -58.4% | N/A |
| Welltower Inc. | WELL, -18.85% | -27.3% | -46.4% | -49.6% | -42.5% | 17.8% |
| Darden Restaurants Inc. | DRI, -10.55% | -25.0% | -48.7% | -51.7% | -43.2% | 9.2% |
| Lennar Corp. Class A | LEN, -13.59% | -24.3% | -36.2% | -37.1% | -19.5% | 42.5% |
| Lincoln National Corp. | LNC, -23.98% | -24.3% | -55.8% | -60.2% | -54.4% | 15.0% |
| Healthpeak Properties Inc. | PEAK, -14.26% | -24.0% | -33.8% | -35.7% | -29.2% | 23.4% |
| H&R Block Inc. | HRB, -9.73% | -23.3% | -30.9% | -46.1% | -32.0% | -7.4% |
| Eastman Chemical Co. | EMN, -15.13% | -23.1% | -45.6% | -53.8% | -49.8% | 8.4% |
| Amcor PLC | AMCR, -12.89% | -23.1% | -32.2% | -41.4% | -36.3% | N/A |
| Carnival Corp. | CCL, -14.30% | -23.0% | -57.3% | -67.9% | -63.6% | 3.1% |
| Pioneer Natural Resources Co. | PXD, -9.77% | -23.0% | -56.4% | -65.5% | -59.4% | 15.1% |
| PulteGroup Inc. | PHM, -12.27% | -23.0% | -34.4% | -35.6% | -21.3% | 49.3% |
| Source: FactSet | ||||||
Cruise line stocks were hit particularly hard after Carnival Corp. US:CCL announced cruises on 18 of its Princess ships would be halted for 60 days.
Nasdaq-100
Here are the 10 worst-performing components of the Nasdaq-100 Index NDX, -5.68% as of 10:30 a.m. ET:
| Company | Ticker | Price change – March 12, 2020 | Price change since Feb. 19 | Decline from 52-week high | Price change – 2020 | Price change – 2019 |
| Align Technology Inc. | ALGN, -9.80% | -22.3% | -17.7% | -47.0% | -36.4% | 33.2% |
| Expedia Group Inc. | EXPE, -9.98% | -21.9% | -29.5% | -53.4% | -37.9% | -4.0% |
| Western Digital Corp. | WDC, -8.71% | -19.8% | -28.2% | -44.4% | -36.9% | 71.7% |
| Ulta Beauty Inc | ULTA, -8.59% | -19.0% | -19.5% | -47.5% | -23.5% | 3.4% |
| United Airlines Holdings Inc. | UAL, -12.60% | -19.0% | -33.8% | -55.7% | -51.7% | 5.2% |
| Splunk Inc. | SPLK, -8.50% | -17.6% | -24.1% | -38.2% | -27.2% | 42.8% |
| Micron Technology Inc. | MU, -6.34% | -16.4% | -20.2% | -34.6% | -25.6% | 69.5% |
| Automatic Data Processing Inc. | ADP, -8.74% | -16.4% | -14.8% | -29.2% | -24.3% | 30.0% |
| Cintas Corp. | CTAS, -10.98% | -15.9% | -11.8% | -25.9% | -16.1% | 60.2% |
| Microchip Technology Inc. | MCHP, -8.66% | -15.7% | -25.8% | -38.9% | -34.4% | 45.6% |
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