The Biggest Losers In The Market's Meltdown

Worries about China sent global markets on a downward spiral on Monday as investors began to panic and a massive selloff ensued. While it appeared that no industries were able to escape unscathed, the market did see some heavier than expected losses in certain sectors. Logistics Shares of logistics companies like FedEx Corp FDX and United Parcel Service Inc. UPS tumbled on Monday as a lag in global economic growth could have lasting consequences on their operations. Investors pulled their money out of the industry as worries that slowing growth in key economies like China could significantly decrease the need for worldwide shippers. Emerging Markets Emerging markets have been taking a beating ever since the People's Bank Of China devalued the yuan. The smaller economies that have been supplying China's booming economy were hit hard by the realization that the Chinese economy is unable to find its footing. Countries like South Africa and Indonesia, which supply raw materials to China, are likely to suffer with demand for their resources on the decline. Big Name Companies It seems that no one was safe from Monday's slide, not even some blue chip stocks that appeared stable before the downturn. Despite growing optimism about the company's expansion plans, Amazon.com Inc. AMZN lost 5.3 percent, General Motors GM declined 5.5 percent and American Airlines Group AAL fell 4.6 percent. Commodities Commodities were also under pressure due to the market's slide. Crude oil prices have been sliding for months as the global supply glut grew larger. With China, one of the world's largest oil consumers, struggling to keep its economy running and suppliers continuing to increase their output, most analysts don't see the commodity recovering any time soon.