Coronavirus concerns batter travel stocks and ETFs

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Coronavirus concerns batter travel stocks and ETFs
Exchange-traded funds with heavy travel industry exposure fell Friday, as President Donald Trump’s COVID-19 diagnosis offered a stark reminder of the severity of the virus. Cruise companies like Norwegian Cruise Line Holdings Inc. and Carnival Corp. were among the biggest decliners in the S&P 500 late morning, down 2.5% and 2.3%. Airlines like Alaska Air Group and Delta Air Lines Inc. fell about 2%. That dragged down the Invesco S&P 500 Equal Weight Consumer Discretionary fund , which has about 16% of its portfolio invested in travel-related stocks, and the First Trust Consumer Discretionary AlphaDEX fund , with about 19%.
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