Monday, March 09, 2020
Kansas City Biz Suffers Amid COVID-19 Scare
The U.S. falls into a bear market and Kansas City employers now confront harsh times.
Dow closes with decline of 2,000 points, almost ending 11-year bull market
Local angle after today's EPIC drop:
"Ten Kansas City-area public companies tumbled even more than the benchmark average. In just a day, the 10 local companies saw their combined market cap fall $8.25 billion."
Here's a quick look at some of the local biz that has been hurting in the recent stock declines amid oil prices plummeting and pandemic fears . . .
We picked the companies that earn the most local headlines . . .
UMB Financial Corp. (Nasdaq: UMBF), -17.08%
Kansas City Southern (NYSE: KSU), -15.19%
AMC Entertainment Holdings Inc. (NYSE: AMC), -15.01%
Sprint Corp. (NYSE: S), -9.84%
Commerce Bancshares Inc. (Nasdaq: CBSH), -9.47%
A more complete look for subscribers with more deets, insight and a local publication that might actually be worth paying to read:
KC Biz Journal: Double whammy: It's not just your 401(k) — these KC-area companies are feeling coronavirus, oil price war
Developing . . .