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Coronavirus updates live: World markets tumble and all of Italy goes on lockdown

World stocks tumbled with investors bracing for the economic fallout of the epidemic, with a shocking all-out oil price war adding to the anxiety.

Wall Street suffered its worst day since the financial crisis of 2008 as the Dow plummeted more than 2,000 points by Monday's closing bell, and London's FTSE 100 plunged to a three-year low after oil prices cratered by 30 percent overnight.

Meanwhile, Italian Prime Minister Guiseppe Conte announced Monday that the containment measures introduced Sunday for the Lombardy region in the country's north would be applied to the whole nation. More than 9,000 people have been confirmed to have the virus in Italy so far while Germany and Spain also saw spikes in the number of cases Monday.

The number of confirmed the US. cases of coronavirus have risen to more than 650 on Monday, including 26 deaths.

The growing number of universities cancel face-to-face instruction

A growing number of colleges, including Ohio State University and San Francisco State University, have suspended face-to-face classes amid fears of growing coronavirus cases in the United States.

OSU in a statement noted that while there are no campus-associated cases of COVID-19, "we know that there are at least three confirmed cases in the state of Ohio, and we expect that there will be more." It is suspending face-to-face instruction and moving to virtual interactions through at least March 30.

San Francisco State said that all face-to-face courses will be suspended, but the campus is not being closed. The city and county of San Francisco on Thursday announced two presumptive positive cases. UC San Diego said Monday that starting in Spring Quarter all lecture and discussion courses will be delivered remotely. UC Berkeley said starting Tuesday it is suspending most in-person classes and will be offering classes remotely.

Rice University in Houston this week announced in-person instruction is canceled this week and it is preparing for the possibility of delivering most of its classes remotely. Princeton said Monday that it will move to virtual instruction after spring break and will decrease the number of gatherings on campus. Stanford also said it will move in-person classes to an online format for the last two weeks of the winter quarter.