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Analysts say that all automakers will be affected as the epidemic continues but startups will be more vulnerable because they are in greater need of selling more cars in order to lure further investment.

Analysts with Morgan Stanley said that there is likely more downside coming in the US market over the next month. But, they said,"This is still a bull market with lots of opportunity in single stocks."

And the main topic is soybeans. Iowa is the nation’s second-largest producer of the crop. China buys about 40 percent of the US soybean crop. The percentage is even higher in Iowa — possibly 60 percent or more.

Analysts said it was a sign that consumer confidence had dipped, amid an impeachment inquiry of President Donald Trump and uncertainty in the 15-month tit-for-tat US-China trade war.

And he added: "That's why I've suggested that the president occasionally wear a mask."