It's Not Just Your 401(K) — These Kansas City-Area Companies Are Feeling Coronavirus, Oil Price War
Did that just happen?
Financial markets and oil producers delivered a double whammy Monday that left the Dow Jones Industrial Average down 7.8% — its worst drop since 2008.
Ten Kansas City-area public companies tumbled even more than the benchmark average. In just a day, the 10 local companies saw their combined market cap fall $8.25 billion.
The members of that unlucky group include UMB Financial, down 17.08%; Kansas City Southern, down 15.19%; and AMC Entertainment, which has seen a sustained dip amid fears of the global spread of the coronavirus, dropped another 15.01%.
To see how other KC-area corporations fared on a historically rough day on Wall Street, read the rest of the story at The Kansas City Business Journal.