U.S. equity markets cratered Thursday despite another flood of liquidity from the Federal Reserve after President Trump suspended travel from Europe for 30 days in an effort to contain the spread of the coronavirus.

Allianz chief economic adviser Mohamed El-Erian telling FOX Business he sees the environment getting “even choppier.”

The S&P 500 entered a bear market down about 8 percent while the Nasdaq did as well dropping nearly 8 percent. Trading in U.S. equity markets was halted briefly just minutes after the opening bell when the S&P fell by 7 percent.

This is a Fox News excerpt.

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