Ongoing coronavirus outbreak continues to dominate the headlines. It is not surprising that the outbreak created additional pressure on the stock indexes.

For example, The S&P 500 lost $1.737 trillion of its value during its two-day market sell-off. On Monday, the equity benchmark lost $927 billion in value. Moreover, the following day the S&P 500 lost $810 billion in value.

U.S. markets declined for the second day in a row.