Coronavirus concerns continue to take a toll on the American economy -- and the retail sector in particular.
Taking a snapshot of the market at 12:35 p.m. EST, Walmart (NYSE: WMT) stock is down 3.5%, Dollar Tree (NASDAQ: DLTR) is getting chopped 3.4%, and Dollar General (NYSE: DG) is 4% cheaper.
No surprise there. These are all big consumer staple companies (the smallest, Dollar Tree, is still a bona fide big cap at $19.5 billion in market value), and you'd expect them to broadly track the course of the economy. With the Dow Jones Industrial Average down 2.2% today and the S&P 500 off 1.7%, it makes sense that many retailers would be down as well.