Coronavirus Is No Small Threat to Travel Stocks

Are stock markets overreacting to the coronavirus threat? Possibly—but there is a real threat to companies in the travel sector.

On Sunday, officials brought up to five the total number of people in the U.S. diagnosed with the infectious new virus that started in the Chinese city of Wuhan and has led to travel bans and lockdowns across China. European nations are also trying to contain the spread of the disease.

Financial…