Stock futures were down on Friday, with the Dow Jones Industrial Average down 2.6%, the S&P 500 down 2%, and the Nasdaq Composite down 1.6%.
The Nasdaq fell 2.1% after the news.
Investors also have a new Zika outbreak.
“We’re expecting more volatility, especially in the next few weeks, but I don’t think we’re going to see the big spike of panic we saw this past week,” said Steve Storrs, a portfolio manager at TD Ameritrade.
The Dow has dropped more than 7% this year, its worst drop in two decades.
The S&s has lost more than 11%.
Wall Street had been anticipating a new outbreak this week and a potential crash, but investors are more concerned about a possible pandemic.
A new strain of the Zika virus has been discovered in Brazil, which has seen the worst Zika outbreak in the Americas.
The Centers for Disease Control and Prevention (CDC) said in a statement that the new virus is being detected in Brazil.
The CDC also said that in an effort to contain the outbreak, a team of scientists from the U.S. and Brazil is working on isolating Zika from blood samples.
A spokesman for the CDC did not immediately respond to a request for comment.
On Friday, the U