Nvidia and Apple get hit by coronavirus concerns. L Brands gets downgraded by Baird.
— Intuit shares fell more than 2% after The Wall Street Journal reported the company is nearing a deal to buy Credit Karma for about $7 billion in cash and stock. Under the agreement, Credit Karma would operate as a standalone business.
— The teleconferencing software company's stock climbed 6% to new record highs in trading as investors looked to Zoom Video as one of the few beneficiaries from the outbreak of coronavirus. As the broader U.S. stock markets sold of sharply following reports of more coronavirus cases outside China, shares of Zoom Video rose 2.83%, with CNBC's Jim Cramer noting the company "can barely meet" demand for orders as U.S. employees in China are forced to work remotely.
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