That comes on the heels of the Fed slashing its benchmark interest rate to near zero and the restart of its bond-buying program known as quantitative easing.
U.S. stocks rebounded on Tuesday - one day after they took their worst hit since the crash of 1987 - as the Federal Reserve and the White House unveiled fresh moves to ease the economic mayhem that's being wreaked by the coronavirus epidemic.
MSCI's gauge of stocks across the globe shed 9.14% and the pan-European STOXX 600 index lost 4.86% as stock markets pared initial deeper losses in Europe. The S&P 500 fell 324.89 points, or 11.98 percent, to 2,386.13-its lowest point since the 2008 financial crisis.
On a more global scale, the Fed, in concert with five other central banks, instituted moves to ensure that there is an amount sufficient USA dollars available overseas to ensure that the markets for borrowing and lending dollars do not become overly strained.
U.S. President Donald Trump issued new guidelines to help fight the coronavirus, including a recommendation that people avoid social gatherings of more than 10 people, discretionary travel, and going to bars, restaurants and food courts.
The S&P 500 plunged 8% at the open to trigger an automatic 15-minute trading halt on the three main US stock indexes, marking the third emergency pause on Wall Street in six days.
But volatility quickly took hold of the 30-share index, sending it up 600 points, then plunging into negative territory to briefly drop below 20,000 for the first time since 2017, only to draft back up again.
Netanyahu rival Gantz tasked with forming Israeli govt
Lieberman, at his session with Gantz , said: "We recommend Benny Gantz for a very, very simple reason". The specifics of the Shin Bet's anti-virus effort would be secret, like its other work.
"A large rate cut gives off the impression they - the Fed, are nervous, and traders have picked up on that". We're thinking in terms of the virus. European Union finance ministers also spoke separately. We're not thinking in terms of recession, we're thinking it terms of the virus'.
Market regulators and exchange executives denied the possibility of temporarily shutting down North American markets on Monday as US stocks underwent a historic sell-off.
Sunday's move "raises the question of whether the Fed has anything left in the tank should the spread of the virus not be contained", said Kerry Craig at JP Morgan Asset Management.
"Our view is that the drag on the services sector from social distancing policies and shock from the fall of the oil price on the energy sector will be enough to tip the USA into recession, but not necessarily a long one".
The price of crude oil dropped more than 8%.
The auto sector also slid as manufacturers Fiat Chrysler, Peugeot-Citroen and Renault said they were halting some if not all production.
"The Fed blasted its monetary bazooka for sure", Peter Boockvar, chief investment officer at Bleakley Advisory Group told CNBC.
"Despite whipping out the big guns", the Fed's action is "falling short of being the decisive backstop for markets", said Vishnu Varathan of Mizuho Bank in a report. After a 15-minute pause, trading was resumed.