RKMBs Forums .::Important::. Politics and Current Events Coronavirus outbreak in China, and global pandemic

U.S. equities tumbled for a second session amid heavy volatility that pushed the Dow Jones Industrial Average briefly below the 27,000 level.
All three of the major averages opened with modest gains but quickly rolled over into negative territory extending the previous day's losses that were brought on by the spreading of the coronavirus outside of China.

The CDC advised Americans that the disease could spread in the United States prompting a new wave of fears.
White House Economic Advisor Larry Kudlow, speaking to reporters, acknowledged that the coronavirus will hit first-quarter GDP while stressing it is too soon to evaluate the full impact.

The selling on Tuesday follows Monday's drop which was the steepest decline for equities in two years
As money flowed out of stocks, investors bought U.S. Treasurys. The yield on the 10-year note closed down 4.9 basis points at a record low 1.328 percent, a sign of a flight to safety.

CORONAVIRUS OUTBREAK INTENSIFIES RECESSION WORRIES

The equity selling follows Monday's rout as the Dow Jones Industrial Average and S&P 500 fell more than 3 percent to their biggest losses in two years while the Nasdaq endured its largest decline since December 2018.
Updated figures from the World Health Organization show the coronavirus has infected 79,331 people worldwide while killing 2,618.

Looking at stocks, drugmakers working on treatments for the coronavirus, including Gilead Sciences and Novavax continued to gain ground while airlines and cruise operators recouped some of their losses.