NEW: Dow Jones opens down as markets continue worrisome stretch despite Federal Reserve signaling further intervention.
March 23, 2020, 1:45 PMSenate Democrats voted to prevent the massive economic relief bill from proceeding toward a final vote, but minority leader Sen. Chuck Schumer said its closer to an agreement and must continue to improve.
U.S. financial markets slid early Monday despite the Federal Reserve signaling further intervention to help lessen the blow of theThe Dow Jones Industrial Average slipped more than 500 points, or over 2%, as markets opened. The S&P 500 similarly fell more than 2% and the Nasdaq was down by more than 1.5%A man wearing a mask walks by the New York Stock Exchange, March 17, 2020.
In a statement early Monday, the Fed said it would purchase Treasury securities and mortgage-backed securities"in the amounts needed to support smooth market functioning and effective transmission of monetary policy to broader financial conditions and the economy." The Fed has previously pledged to slash interest rates and launch a short-term lending facility amid the
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