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