Fundstrat's Tom Lee on the markets and bitcoin. With CNBC's Brian Sullivan and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Guy Adami. Dow Jones Industrial average drops 453 points
The Dow slid 453.93 points, or 1.57%, to end the day at 28,535.80. The S&P 500 dropped 1.57% to 3,243.72. The Nasdaq Composite fell 1.89% to 9,139.31. Wall Street suffered steep losses as coronavirus fears dented sentiment once again.
Coronavirus uncertainty weighs on Wall Street
The number of confirmed coronavirus cased in China has broken above 2,800, with the death toll rising to 81. This has led to increasing uncertainty around how the virus would hurt the global economy. The S&P 500 also snapped a 74-session streak without a decline of at least 1%. Investors will now look to hear what companies say about how the coronavirus could impact businesses. The uncertainty also will make it harder for stocks to notch fresh record highs.
Airlines, Estee Lauder drop
Airline shares, including American and Delta, dropped 5.54% and 3.37%, respectively, amid worries the coronavirus could dampen global travel. Estee Lauder, a cosmetics company with high revenue exposure to China, also fell 4.07%.
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