Fears that the coronavirus outbreak cannot be contained have led to major losses on Wall Street.

The Dow Jones Industrial Average on Tuesday closed down 3.15% from Monday’s close, which was 3.55% off from its previous close. The S&P 500 and Nasdaq composite closed on Tuesday off by 3.03% and 2.77%, respectively. Both closed lower on Monday, down 3.35% and 3.71%, respectively.