Global Stocks Plunge Amid <br />Oil Crash and Coronavirus Fear Global markets are taking a hit after a <br />failed deal between OPEC and Russia led to <br />the worst one-day crash in crude in decades. Saudi Arabia set off panic <br />within oil markets by <br />launching a price war. The Saudis are reacting to Russia's refusal to meet OPEC's efforts to rescue the oil market after a panic caused by the coronavirus outbreak. The S&P 500 (SPX) opened 6.9% lower. <br />The Dow (INDU) fell more than 1,800 points and <br />the Nasdaq Composite (COMP) was down 7.1%. The impact of the coronavirus has weighed<br />heavily on investors as the number of <br />confirmed cases continues to rise.
