Dow drops 1,000 points | What's behind the fall? | Warren Buffett says a drop is 'good'

The Dow fell more than 1,000 points on Monday.

VIEW IN BROWSER | SUBSCRIBE MON, FEB 24, 2020 EVENING BRIEF AS OF MON, FEB 24, 2020 • 04:47 ET DJIA 27960.80 -3.56% -1031.61 S&P 500 3225.89 -3.35% -111.86 NASDAQ 9221.28 -3.71% -355.31   Most Active DOW NAME LAST CHG %CHG MSFT 170.89 -7.70 -4.31% AAPL 298.18 -14.87 -4.75% PFE 34.67 -1.05 -2.94% S&P 500 NAME LAST CHG %CHG F 7.57 -0.32 -4.06% AMD 49.12 -4.16 -7.81% BAC 32.73 -1.63 -4.74% NASDAQ NAME LAST CHG %CHG AMD 49.12 -4.16 -7.81% MSFT 170.89 -7.70 -4.31% AAPL 298.18 -14.87 -4.75% EDITOR'S NOTE Monday came with a reminder that risk isn't always priced into the market.   Coronavirus fears have lingered for weeks and they've often been discounted as the major indexes have notched new highs. On Monday, though, the Dow Jones Industrial Average fell more than 1,000 points as the outbreak worsened beyond China. The Dow and the S&P 500 have erased all of their gains for 2020.   "A week or two ago, people thought it was flawless. And now today they think it's hopeless," said Howard Marks, co-chairman of Oaktree Capital Management on CNBC's "Halftime Report." Investors also appeared concerned about falling bond yields — another known, but often ignored market reality.   Economist Nouriel Roubini points to a litany of well-known issues that threaten the stock market this year, writes CNBC's Jeff Cox, from the upcoming presidential election to potentially reignited tensions with China or Iran.   "Financial markets, meanwhile, remain blissfully in denial of the risks," Roubini argues, "convinced that a calm if not happy year awaits major economies and global markets."   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  Dow plunges 1,000 points on coronavirus fears, 3.5% drop is worst in two years Warren Buffett interview highlights: 'Good' when stocks fall, likes Apple a lot, coronavirus impact Stock market live updates after hours: Follow the latest on the sell-off here 10-year Treasury yield falls to three-year low on coronavirus fears, 30-year rate hits record low The coronavirus is hurting stocks, but here's what could be the real problem Oil slides into bear market territory, posting worst day in more than a month on coronavirus fears 'Dr. Doom' Nouriel Roubini warns of multiple 'white swans' posing danger ahead Avoid this investing mistake as coronavirus fears grip the markets Bloomberg's $400 million bet looks increasingly likely to flop as he lags in Super Tuesday states Harvey Weinstein trial: Guilty of rape and criminal sexual act, but acquitted of top sex charges     TOP VIDEO Watch CNBC's full interview with Berkshire Hathaway CEO Warren Buffett   CNBC PRO Goldman has a defensive portfolio for clients to turn to in rough markets – Here's what's in it   SPECIAL REPORTS Coronavirus fears slam stocks—what investors should watch now Coronavirus fears: Where investors can hide in ETFs as stocks fall   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS