Why Mattel Stock Fell 11% Today
The coronavirus is officially a pandemic now, and that fact wreaked havoc on the stock market today, with major indices falling 4.7% (the Nasdaq Composite), 4.9% (the S&P 500), even 5.9% (the Dow Jones Industrial Average).
It wasn't a fun day to be an investor. Perhaps the best illustration of that fact was toymaker Mattel (NASDAQ: MAT), which saw its stock fall 11%.
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Source Fool.com