On Dow Street, the Dow Jones accelerates its fall and loses 4%

Wall Street increased its losses Monday at the start of the session, insensitive to new measures from the Federal Reserve faced with the impact of the coronavirus and worried about the lack of political consensus on an economic recovery plan.

Around 4:00 p.m. GMT, the Dow Jones plunged 4.47% to 18,336.09 points. He could end the session at its lowest since November 2016.

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The highly technological Nasdaq fell 2.87% to 6,682.21 points.

The broader S&P 500 Index, which represents the 500 largest companies on Wall Street, tumbled 4.32% to 2,205.10 points. If it stayed at this level or fell even lower at the close, the S&P 500 would have given up all its gains since the inauguration of Donald Trump in January 2017.

After the worst week on Wall Street since the 2008 financial crisis ended on Friday, investor concern seemed to be mounting while a plan to revive the US economy has still not been adopted.

Democrats and Republicans failed to agree on the details of this text during a Sunday evening vote in the Senate.

The American secretary of the Treasury, Steven Mnuchin, implored on Monday the Congress to approve this text as soon as possible.

Mnuchin said it would benefit workers and did not include a "bailout" for companies such as airlines.

"The markets are monitoring another procedural vote in Congress over the stimulus package, which could take place later today," analysts at Charles Schwab note.

The announcements made Monday morning before the opening by the Federal Reserve did not succeed in tempering the anxiety of market players either.