The Dow fell 457.21 points, or 1.89%, to 23,764.78. The S&P 500 dipped 2.05% to close at 2,870.12 The Nasdaq Composite slid 2.06% to 9,002.55. Wall Street fell as investors weighed the latest efforts to reopen the economy.
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, and other health officials testified before the Senate Health Committee to discuss reopening the economy. Fauci noted a vaccine will be essential in stopping the coronavirus spread, but warned it will be a while before a usable one is available.
Weekly mortgage applications are scheduled for release Wednesday. Federal Reserve Chairman Jerome Powell is also set to speak.
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