Why Marriott International, Booking Holdings, and Avis Budget Stocks Just Crashed
It's Wednesday, and the stock market is in full retreat (yep, again), with the S&P 500 tumbling 2.2% as of 1 p.m. EDT. Shares of travel-industry-related stocks are taking it especially hard, with shares of reservations specialist Booking Holdings (NASDAQ: BKNG) down 4.2%, hotelier Marriott International (NASDAQ: MAR) off 5%, and rental-car company Avis Budget Group (NASDAQ: CAR) crashing 7.8% lower.
I see two big reasons for that -- both are "macro," but only one has the word "coronavirus" in it.
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Source Fool.com
