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
Dow Jones Industrial Average
Nasdaq Composite Index
In Major Stock News, Boeing
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