This archive report was first published on 5 May 2020.
On May 5, 2020, US stocks were set to fall as a US-Chinese spat over the origins of the coronavirus outbreak intensified. The tensions, combined with billionaire Warren Buffett's decision to dump his airline shares, sent major US carriers plummeting.
Delta Air Lines, American Airlines Co, Southwest Airlines Co, and United Airlines fell between 9% and 11% in premarket trading after Berkshire Hathaway chief Buffett revealed the move over the weekend. Buffett told reporters,
