Stocks tumbled on Monday amid dimming hopes for a stimulus bill and rising coronavirus cases.
The White House and Democrats have failed to agree on a new aid package. White House economics adviser Larry Kudlow on Monday told reporters that talks were continuing, but declined to say whether he was optimistic or pessimistic about a deal.
Sharesas investor hopes faded that lawmakers would deliver more emergency financial support for the economy anytime soon. Rising coronavirus cases added concerns about headwinds for the U.S. economy, sending the Dow down more than 650 points, or 2.3%.