Why Shares of Alcoa Plunged 24.7% Today
Shares of aluminum producer Alcoa (NYSE: AA) dropped a whopping 24.7% today, as investors sold off nearly every segment of the market. At the market's close, shares were down 18.1% on the day.
The impact of the coronavirus is hitting a broader range of companies on the market beyond entertainment and travel, and metals suppliers aren't being spared. The worry today is that Alcoa could be hit by a broad economic slowdown as soon as this quarter.
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Source Fool.com