Holding Company Stocks Drop 7.5% as Outbreak and Volatility Rattle the Market

Monday's plunge hit an industry already facing long-term pressures

roller-coaster
It could be a roller-coaster ride for holding companies. Getty Images

Key insights:

The coronavirus crisis and an oil price war between Saudi Arabia and Russia is accelerating an economic slide that is spooking investors in just about every industry.

@Minda_Smiley minda.smiley@adweek.com Minda Smiley is an agencies reporter at Adweek.
@zanger doug.zanger@adweek.com Doug Zanger is a senior editor, agencies at Adweek, focusing on creativity and agencies.