Wall Street extends slide on virus worries, elusive stimulus deal

FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri

(Reuters) – U.S. stocks extended their slide on Monday, setting the Dow for its worst day in more than seven weeks, as soaring coronavirus cases and a deadlock in Washington over the next fiscal relief bill raised concerns over the economy and corporate earnings.

At 12:17 p.m. ET, the Dow Jones Industrial Average was down 731.56 points, or 2.58%, at 27,604.01, the S&P 500 was down 70.49 points, or 2.03%, at 3,394.90, and the Nasdaq Composite was down 188.60 points, or 1.63%, at 11,359.68.

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