Stock market

Coronavirus sparks stock market tumble

People wearing surgical masks
People wearing masks on the first day of the Lunar New Year in Hong Kong, Jan. 25. Photo: Dale de la Rey/AFP via Getty Images

The Dow Jones Industrial Average dropped more than 450 points Monday, as worries about the coronavirus rattled U.S. markets.

Why it matters: The coronavirus could drastically affect markets if consumers refrain from travel. Companies that rely on tourism including airlines and resorts were hit especially hard Monday. The sell-off marked the Dow's first five-day losing streak since August, AP reports. It was also the S&P 500's worst day since October.

The next phase in the streaming wars begins

Reproduced from CivicScience; Chart: Axios Visuals

Netflix is the No. 1 streaming service in terms of the number of current users, capturing 64% of respondents in a recent survey of U.S. adults. But its future growth is much less certain, according to new data from CivicScience.

Why it matters: Since the start of the year, Netflix stock has caught fire again, outpacing Disney's stock by almost 13% year to date — up 7.9%, with Disney off by 4.6%.