First and foremost, what's dragging the market down? Let's take a look at--and give you an update--on the coronavirus.
"While it may seem as if the coronavirus is a brand new thing, it’s actually a common strain of viruses. There are several types of the virus, and some of those are very serious. For the most part, the majority of these types of viruses are usually not deadly," wrote TheStreet's Dave Butler. "This new strain, the 2019 Novel Coronavirus, or 2019-nCoV, sometimes called the “Wuhan Coronavirus,” is one of the nastier ones. According to the CDC, symptoms of the virus include fevers, coughs, shortness of breath, aches, sore throat, and vomiting. A respiratory illness, the severity for patients has ranged from a mild cold to very severe symptoms that can lead to death. These symptoms can occur between 2 to 14 days after being exposed to someone infected with the coronavirus."
The U.K. confirmed its first case of the coronavirus Friday morning and has now confirmed a total of two confirmed cases.
The United States has issued a level four travel advisory for China, which is its highest level caution.
Officials have closed schools in Hong Kong until March. The city now has 12 confirmed cases.
So far, 213 people have died from the virus and over 9,700 cases have been confirmed.
140 of those cases are outside of China, with six in the United States.
Now how are stocks looking?
Watch the video above to see which of the components are dragging down the indices.