Coronavirus Fears Wipe
out $5 Trillion in Global Stocks Coronavirus fears continue
to compound along with the number
of international cases of the illness. On Friday, Global markets continued
their dive, with the main European
markets losing between two and three percent. John Lau, SEI Investments, via NBC Around the world, supply chains,
travel, major events and school
closures have rocked the world economy. John Lau, SEI Investments, via NBC Even secure assets such as
U.S. government bonds hit
new record lows due to
weakened economic confidence. At Friday's opening, Wall Street had
lost more than 12 percent since Monday. Due to the crisis, the Fed is
expected to cut interest rates
when it meets in mid-March.