Dow loses 1,900 points in two days | Record low for 10-year yield | Iger steps down

Stocks took another massive tumble on Tuesday, compounding a 1,000-point drop on Monday.

VIEW IN BROWSER | SUBSCRIBE TUE, FEB 25, 2020 EVENING BRIEF AS OF TUE, FEB 25, 2020 • 04:49 ET DJIA 27081.36 -3.15% -879.44 S&P 500 3128.21 -3.03% -97.68 NASDAQ 8965.61 -2.77% -255.67   Most Active DOW NAME LAST CHG %CHG MSFT 168.07 -2.82 -1.65% AAPL 288.08 -10.10 -3.39% CSCO 42.74 -1.26 -2.86% S&P 500 NAME LAST CHG %CHG F 7.23 -0.34 -4.49% BAC 31.08 -1.65 -5.04% AMD 47.57 -1.55 -3.16% NASDAQ NAME LAST CHG %CHG AMD 47.57 -1.55 -3.16% MSFT 168.07 -2.82 -1.65% AAPL 288.08 -10.10 -3.39% EDITOR'S NOTE It wasn't a day to buy the dip.   The Dow Jones Industrial Average's 1,000-point drop Monday was followed by a steep fall Tuesday as the toll of the coronavirus outbreak grows.  "Prepare in the expectation that this could be bad," a top Centers for Disease Control official warned.   The yield on the 10-year Treasury declined to its lowest level ever as investors fled to the safety of government bonds. Bond yields fall when prices rise, and Tuesday's move reflects increasing uncertainly over what could be a pandemic. The yield on the 30-year Treasury also dropped to a new bottom.   The record-low yields highlight investors' sentiments that global economic growth will be hard-hit by the virus. The falling rates, it would seem, could pressure the Federal Reserve to lower its key interest rate, but CNBC's Jeff Cox writes that such a response isn't likely.   Earlier this month, the market had been hitting new highs, but now the investing world is a more unpredictable place. Still, Mohamed El-Erian, chief economic advisor at Allianz, made one of the sharpest calls of the day on CNBC's "Squawk Box" before the market turned south. "I understand the inclination to buy on the dip," he said, "but I stress, this is different."   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  Stock market plunges for a second day 10-year Treasury yield drops to record low as coronavirus hits the global economy Bob Iger to step down as Disney CEO, effective immediately Market sell-off live updates: Dow 2-day drop totals 1,910, Kudlow doesn't help, Cramer stays away Larry Kudlow says US has contained the coronavirus and the economy is holding up nicely Despite market washout, the Fed is unlikely to cut rates anytime soon in response to coronavirus South Carolina debate could be Democrats' last chance to stop Bernie Sanders US health officials say coronavirus will likely cause a global pandemic Trump claims vaccine is 'very close' amid coronavirus outbreak — but White House says he was talking about Ebola Amazon is opening its first full-size, cashierless grocery store. Here's a first look inside     TOP VIDEO Watch CNBC's full interview with Larry Kudlow on coronavirus, economy   CNBC PRO These dividend stocks could be a way to play defense during these volatile times   SPECIAL REPORTS There's nowhere for investors to run as coronavirus fears hit stocks, Oppenheimer's John Stoltzfus warns Intel and two other chipmakers are best bets in sell-off, according to these traders   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