With us markets worldwide plunged monday on fears over the spreading coronavirus in the u. S. The Dow Jones Industrial average fell 3 and a half percent erasing its gains over the year the tech heavy nasdaq index was also hit hard investors meanwhile flooded into socalled safe haven assets like bonds and gold a new cluster of the virus in south korea home to Major Tech Companies and suppliers is adding to the Bleak Outlook in china where manufacturing output has been crims for weeks. And lets go to our financial correspondent in new york yes quarter for more on this. Other markets have long been registering the effect of coronavirus going up recovering going back down why is the u. S. Markets why are they just now seeming to notice this or at least taking such a massive hit. There you corrected to a while before. Wall street realized what could happen just last week wednesday we set new records with the nasdaq composite and the s. And p. 500 economists were kind of hopeful that the vir