U.S. equity markets curbed the bulk of heavy losses Monday after the coronavirus relief bill faced more opposition from Democrats on Capitol Hill.
The lack of progress outweighed another move by the Federal Reserve which announced "extensive new measures" to support the U.S.
economy. The Dow Jones Industrial Average closed down nearly 600 points or 3 percent, while the S&P 500 lost nearly 3 percent and Nasdaq Composite, in light of the selling, held up little changed.
The Dow is on pace for the worst month since September of 1931 as noted by the Dow Jones Market Data Group. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates The standout was gold which posted its biggest one day percentage gain since March