EDITOR'S NOTE
News from the coronavirus outbreak worsened on Tuesday, but the stock market got better, with the Dow Jones Industrial Average rising nearly 1%.
The rebound came even as the number of coronavirus cases rose to 106 people killed and about 4,700 infected, as health officials cautioned U.S. citizens against travel to China, and as the Trump administration expanded coronavirus screenings to 20 U.S. airports.
CNBC's Yun Li writes that previous epidemics, from SARS in 2003 to the Ebola scare six years ago, took the S&P 500 down 6% to 13% over varying time frames. 
When the Federal Reserve ends its meeting tomorrow, we'll see what the central bank's chairman, Jerome Powell, has to say about coronavirus risks to the economy.
To be sure, the market effects of the coronavirus are unpredictable at this point, and they may be different from those of past outbreaks — some of which occurred amid other factors weighing on the market, including the tech bust that accompanied the SARS outbreak.
“The U.S. economy and market is much more domestically focused,” said Citi’s head of U.S. equity strategy, Tobias Levkovich. “We do not envision a major domestic slowdown as a result of the China news, but this does not mean that share prices cannot continue to falter in the nearer term.”
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