With one of Wall Street's wildest weeks in recent memory now in the history books, investors are bracing for more uncertainty and big market swings ahead.
The White House on Saturday said it would extend a travel ban to include the United Kingdom and Ireland, a move that could further hurt oil prices and airlines already battered by a ban announced last week. They are also warning investors to brace for more alarming headlines concerning the virus' spread in the United States.
Daily routines have been upended as businesses including Amazon.com urge employees to work from home, schools and universities close, and sporting events and church services are paused across the country. In response to the run on certain items, major retailers have imposed some purchase limits. The central bank is expected to announce an interest rate cut of at least three quarters of a percentage point, with financial markets predicting the Fed will be forced to cut to zero by April to boost the economy.