NEW YORK - U.S. equity markets plunged in the opening minutes of trading, gutting a rebound on Monday. The Dow Jones Industrial Average fell 1,268 points, or 5.9 percent, while the S&P 500 and Nasdaq Composite were lower by 5.4 percent and 5.5 percent, respectively.
Trading is halted if the S&P 500 falls by 7 percent. The early selling comes as the Trump administration and Congress hammer out the details of a $1 trillion stimulus package designed to prop up the most harshly pummeled sectors of the U.S.
economy and give cash to those out of work. Looking at stocks, Boeing shares were rocked as the company called for a $60 billion bailout for aerospace manufacturers.