Stocks around the world bounced back Tuesday after U.S. markets suffered their worst single-day drop since 2008 on Monday thanks to the collapse of oil prices and financial panic over coronavirus. Europe's Stoxx 600 stabilized, while S&P 500 futures were up 2.6 percent — along with the yield on 10-year U.S. Treasury bonds, which now hovers around .065 percent. Still, few believe the economic turmoil is anywhere near over.
How long could it last? Analysts fear the dangerous cycle, sparked by disrupted supply chains and plummeting consumer spending, could push the global economy into a recession.