BREAKING: Dow falls 800 points after coronavirus stimulus bill fails in Senate once again

March 23, 2020

Stocks fell sharply on Monday as U.S. lawmakers failed to push through massive fiscal stimulus to curtail the economic blow from the coronavirus.

The Dow Jones Industrial Average traded 807 points lower, or down 4.2%, after clinching its lowest level in three years earlier in the session. The S&P 500 slid about 4% while the Nasdaq Composite was down 1.7%.

For a second time in less than 24 hours, a bill that would authorize giant fiscal spending to stimulate the economy failed to clear a key procedural hurdle. The vote failed even after Senate Minority Leader Chuck Schumer, D-NY, said he expects the Senate to on Monday reach a deal on a massive fiscal stimulus package.