The Supreme Court’s decision to end the nation’s constitutional protections for abortion has catapulted businesses of all types into the most divisive corner of politics.

The muted reaction on Wall Street reflects a realization that despite the historic nature of the OPEC+ cuts, they aren't nearly deep enough to erase the epic supply glut facing the oil market.

Now, with governments and central banks in Europe and North America pursuing drastic measures to try to control the pandemic, Asia still on high alert, and financial markets in meltdown, a growing number of experts say that a global contraction is beginning.

The damage on Wall Street might not nearly be done as authorities scramble to stop the spread of the coronavirus by shutting down parts of the once-booming American economy.

To many economists, a contraction during the first and second quarters of 2020 looks increasingly likely.

"If the coronavirus epidemic materially affects US economic growth it may increase the likelihood of Democratic victory in the 2020 election."

Major U.S. stock indexes closed mostly higher Tuesday, erasing much of an early slide, as investors favored smaller, U.S.-focused companies for the second straight day.