"You can count on one hand the number of times we've been this oversold," says a Fidelity analyst, who compared the recent volatility to extreme downturns in the past.
Both Burr and Loeffler have received non-public information about the global spread of coronavirus from Executive Branch officials, who have been briefing senators regularly since at least January.
European banks are under intense pressure as the coronavirus halts all major economies, at a time when these institutions were still struggling with the legacy issues of the 2008 financial crash.
Los Angeles issued a "Safer at Home" emergency order, meaning residents must "immediately limit all movement outside of their homes beyond what is absolutely essential," Mayor Eric Garcetti said.
Airlines are pretty much facing a cashflow and liquidity crisis due to the global coronavirus outbreak and need government support, said Joanna Lu of Ascend by Cirium.
Major British pub chain J.D. Wetherspoon plans to stay open in defiance of government advice amid the coronavirus pandemic, but has vowed to implement social distancing between drinkers.
The Senate has been under immense pressure to get a deal done with the House and administration as quickly as possible, as cash dries up for some American companies.
As people across the globe adjust to prolonged periods of quarantine, CNBC Make It spoke to psychology experts to find out how people can protect their mental health.
China's loan prime rates (LPR) on Friday were kept unchanged from their February levels, with both the 1-year and 5-year LPR left steady at 4.05% and 4.75%, respectively.
The coronavirus pandemic has exposed the vulnerability of countries and companies that rely heavily on a limited number of partners for their business needs.