U.S. stocks tumbled following a sell-off in markets in Europe and
Japan Monday after
China announced a sharp rise in cases of a deadly new virus that threatens to crimp global economic growth.
![US stocks tumble amid global sell-off; Dow falls 410](https://media.zenfs.com/en/ap.org/dac7d866dcc09c230b8ce57a4a0e2d7e)
The Dow Jones Industrial Average and S&P 500 each fell about 1.4%, giving up a significant portion of their gains for January.
Investors are in a “sell first, ask questions later situation,” said Alec Young, managing director of global markets research at FTSE Russell.