This China originated virus has now crossed international borders and people are concerned this outbreak will become a widespread pandemic. This virus has spread to Chicago and individuals are taking precautions. Drug stores across the city are running out of medical masks.
The stock market dropped around 1% today due to the anxiety surrounding this outbreak, but some equities have been seeing massive fear gains.
Lakeland Industries (LAKE - Free Report) , a company that provides medical protective equipment, is up over 25% in this shortened week of trading.
Alpha Pro Tech , a micro-cap stock that sells infection control equipment, saw over 70% gains this week.
Vir Biotech (VIR - Free Report) , a biotech company that has provided antibodies for other coronavirus strains, who experienced 17.5% share price surge today.
Keep your eyes peeled for updates on this new strain of the Coronavirus as it may have a wide-spread impact on the markets.
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