U.S. equity markets tumbled Friday as the coronavirus continued to spread and corporate earnings rolled out.

Heavy selling pushed the Dow Jones Industrial Average and the S&P 500 into the red for the year. The Nasdaq Composite held onto its 2 percent gain for 2020.

Volatility kicked higher, hitting a level of 18 capping a 40 percent jump this month, it's largest monthly start to a year on record, according to the Dow Jones Market Data Group.

China’s National Health Commission has confirmed 9,692 cases and 213 deaths related to the virus. The World Health Organization declared the outbreak is a “global health emergency.”

Drugmakers and medical mask makers continued to climb as the coronavirus expanded its reach while airlines and casino operators fell. Read more at FOX Business