Wall Street, which has so far been pretty resilient to the coronavirus scare, suffered a bloodbath on Feb 24. This is mainly because of the spike in cases outside China that has fueled possibilities of the virus turning into an acute pandemic.

Notably, Iran, Italy and South Korea reported a rise in the number of infected cases over the weekend. As a result, the S&P 500 and the Dow Jones Industrial Average suffered their biggest single-day percentage losses in two years on Feb 24.

The CBOE Volatility Index scaled to the highest level in more than a year. The volatility index gained for three successive days in percentage terms, marking the seventh-biggest move ever.

The benchmark S&P 500, which makes up for more than 44% of the market capitalization of all global equities, lost $927 billion of value on Feb 24, according to S&P Dow Jones Indices senior analyst Howard Silverblatt, as quoted on Reuters.

Key U.S. ETFs like SPDR S&P 500 ETF Trust SPY, SPDR Dow Jones Industrial Average ETF Trust DIA, Invesco QQQ Trust QQQ slumped about 3.3%, 3.5% and 3.9%, respectively, while volatility-measuring product iPath Series B S&P 500 VIX Short-Term Futures ETN VXX added about 18.7% (read: Here's Why You Should Bet on Quality ETFs & Stocks).

Against this backdrop, we highlight a few inverse ETF areas that gained considerably on Feb 24 and may be in the spotlight if the sell-off lingers.

S&P 500

Investors can go against the S&P 500 with ProShares Short S&P500 ETF SH gaining 3.5% and Direxion Daily S&P 500 Bear 1X Shares SPDN rising 3.3% on Feb 24 (read: Looking to Buy the Dip? Play These Top-Ranked ETFs).

Dow Jones

Dow Jones is an extremely trade-sensitive index and thus shares considerable co-relation with China and also with other countries. So, investors intending to play against the tumbling Dow Jones, may tap ProShares Short Dow 30 DOG (up 3.5%), ProShares UltraShort Dow30 DXD (up 7.0%) and ProShares UltraPro Short Dow30 SDOW (up 10.5%).

Nasdaq

ProShares Short QQQ PSQ (up 3.8%), ProShares UltraShort QQQ QID (up 7.7%) and ProShares UltraPro Short QQQ SQQQ (up 11.6%) are good to play against the Nasdaq.

Semiconductor

U.S. semiconductor companies have huge revenue exposure to China, making the sector susceptible to the coronavirus onslaught. While regular semiconductor ETF iShares PHLX Semiconductor ETF SOXX lost 4.8% on Feb 24, inverse semiconductor ETFs Direxion Daily Semiconductor Bear 3x Shares SOXS gained 14.2% on Feb 24 (read: Forget Coronavirus, Semiconductor ETFs Are a Buy).