I'm Melissa Lee and this is Fast Money.

Tonight's trader line up, Guy Domi, Tim Seymour, Karen Finerman, and Steve Grosso.

Tonight on Fast, we've got a big night of earnings with Apple, Facebook, Tesla, all on the move.

We're breaking down the numbers,

getting you every detail you need to know

from the earnings calls.

But we start tonight with a major market selloff,

the S&P 500 closing down 2.5%,

that is its biggest loss in three months. The loss is accelerating into

the close with every sector finishing the day lower. The drop coming as we saw

more outsized moves and names like GameStop, AmZ and Express.

So what went on today, Guy?

What's your theory?

Well, there are a lot of theories.

Obviously, Game Stop is what everybody.

And when I say everybody

you turn on radio stations to doesn't matter what subject game stop is coming up

and I'm not suggesting that's the cause but I think some of the root causes the fact

that volatility was too dampened and when you see a day and

listen market's down 600 doubt points or so seems like a big deal in the broad scope of things

it's not but then you look at the Vicks going from 21.

And a half where I think it closed around the last couple of days to 37 pretty much in a

...