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  • Wall Street’s main indexes suffer heavy losses on coronavirus fears.
  • Cruise liner stocks fall sharply with NCLH as biggest loser.
  • Handful of stocks trade in the positive territory.

Major equity indexes in the US started the day deep in the negative territory amid concerns over the growing number of confirmed coronavirus cases and hospitalizations. 

Latest figures from the US on Wednesday showed that hospitalizations in Texas increased by 7.3% and confirmed coronavirus infections in California rose to 7,149 from 5,019 on Tuesday.

Reflecting the flight-to-safety, the CBOE Volatility Index (VIX), Wall Street’s fear gauge, is up more than 10% on the day. As of writing, the S&p 500 was down 2.73% at 3,045 points.

S&P 500 top movers

Once again, cruise liner stocks are the worst performers of the day. At the moment, Norwegian Cruise Line Holdings Ltd (NCLH), Royal Caribbean Cruises Ltd (RCL) and Carnival Corp (CCL) are down 13%, 11.75% and 11.3%, respectively. 

On the other hand, food retailer Kroger Co (KR) is up 2.1% at $32.79 as the top-gainer among a handful of stocks that trade in the positive territory.