Investors appear to be refocusing attention on major earnings reports due this week, a key indicator of whether economic growth can continue, even as the virus takes a toll on U.S. companies with business in China. Tangent: Shares of hotels, airlines, cruise and casino operators, big retailers and consumer goods companies were all hard-hit on Monday amid fears over the spreading coronavirus. Several big U.S. companies, including McDonald’s, Starbucks and Disney, have already closed stores or suspended some business in China. Shares of pharmaceutical stocks and medical gear makers like facemasks have risen in recent days. Shares of Alpha Pro Tech and Lakeland Industries, for instance, surged 28% and 17% on Monday, respectively.

Source: Forbes January 28, 2020 14:15 UTC