Stocks suffered a historic pullback this week as the coronavirus spread outside of China, spooking investors and traders out of equities.
The market might have more room to fall as the coronavirus damage starts to creep into upcoming economic data, analysts warned.
The coronavirus wiped $3.18 trillion in market value from U.S. stocks this week, according to estimates from S&P Dow Jones Indices.
The action echoed the so-called “volpocalypse” of February 2018, when calm in markets was shattered with an historic surge in volatility.
Goldman Sachs said it sees three rate cuts from the Federal Reserve from March through June.