In what is being labeled as a Black Monday, equity markets globally are tanking as oil prices plunged and fears surrounding the coronavirus spread exacerbated. The DJIA tanked over 1,800 points at the open while the S&P 500 dropped 7%. The sell-off triggered key market circuit breakers. The pan-European Stoxx 600 dropped 7% entering bear market territory. Oil plunged as much as 30%.