U.S. financial markets plunged as trading began on Monday—enough to trigger a temporary halt to trading—amid fears over the economic fallout of the coronavirus outbreak and uncertainty over falling oil prices.
MORE: Coronavirus live updates: Passengers to begin disembarking Grand Princess cruise ship in California"The guidance for long-term investors remains intact -- do not panic. As the uncertainty persists, the market frenzy will continue, perhaps for weeks, perhaps for months," Greg McBride, the chief financial analyst at Bankrate, said in a note."But long-term investors must think in terms of years or decades.
A person wears a face mask walks along Wall Street after further cases of coronavirus were confirmed in New York, March 6, 2020.
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