Wall Street continues to sink as leaders worldwide race to contain the pandemic and prevent a global economic depression. The unprecedented levels of volatility within the stock market has led the U.S. Federal Reserve to now begin buying unlimited amounts of government and investment grade corporate debt to keep the economy afloat.

Investors watched and waited as Congress debated a $1 trillion stimulus package that aims to fund American companies and citizens during this time of economic turmoil. The Senate's ongoing debate is drawing on party lines, which led the stock market to fall lower every time a proposed bill was blocked.

Here's how stocks settled on Monday:

S&P 500 Index (SPY  ): -2.96% or -68.22 points to 2,236.70

Dow Jones Industrial Average (DIA  ): -3.12% or -597.94 points to 18,576.04

Nasdaq Composite Index (QQQ  ): -0.27% or -18.84 points to 6,860.67

In Major Stock News, Boeing (BA  ) announced Monday that the aerospace company will be temporarily halting production in its Washington state facilities for the next 14 days. CVS (CVS  ) has announced that it plans to hire 50,000 employees to help the drug store chain meet the demands for pharmaceutical goods. General Electric (GE  ) announced on Monday that its aviation unit will be laying off about 10% of its workforce. Shares of Amazon (AMZN  ) rose that the home delivery giant announced that it is raising overtime pay for warehouse workers. Hasbro (HAS  ) shares climbed Monday after CEO Brian Goldner stated that the company was seeing strong demands.

In Stock Sector News, every sector except Consumer Discretionary, who rose just +0.35%, saw negative performance gains on Monday. The sector losses were as follows: Energy -6.65%, Financials -6.11%, Real Estate -5.56%, Utilities -5.33%, Health Care -4.97%, Materials -4.91%, Industrials -4.49%, Consumer Staples -2.97%, Information Technology -0.98% and Communication Services -0.39%.

Lastly, in Commodity and Currency News, crude oil prices experienced a resurgence on Monday as West Texas Intermediate (USO  ) finished almost +20% ahead and Brent Crude (BNO  ) gained +0.85%. Gold (GLD  ) increased +4.22%, pushing the metal's price back above $1,500 per ounce. Finally, the U.S. Dollar (UUP  ) slightly declined on Monday, bringing the DXY Index down -0.35%.