(CNBC) -- Stocks fell on Tuesday as a rally in mega-cap tech shares lost steam and concerns about the coronavirus outbreak dampened investor sentiment.
The S&P 500 slid 1.1% while the Nasdaq Composite, which hit a record high earlier in the day, closed 0.9% lower. The Dow Jones Industrial Average dropped 396 points, or 1.5%.
Shares of Amazon fell 1.9% to lead tech lower. Netflix closed 0.1% lower after hitting a record earlier in the day. Microsoft, Apple and Facebook ended the session off their highs.
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