The Daily Money 3-16

Stock markets are poised for another gloomy day as the coronavirus pandemic shuts down businesses and travel across the U.S. Here's the latest news from the Money team. 

Stock market fears: Stock futures plunged Monday and were halted for trading as the Federal Reserve took emergency action to cushion the economy from the virus pandemic.

Cheaper loans: There’s some good news on the horizon for Americans: Bond yields have dropped to historic lows, trimming borrowing costs on mortgages and student loans.

Emergency savings: Four in 10 Americans struggle to come up with $400 in a pinch. Here are six ways to set aside that amount in a month.

For more money news, keep scrolling down.

David Brinkerhoff, Deputy Money Editor