Dow drops as stimulus vote fails | Fed to do whatever it takes | Fastest 30% market decline ever

Stocks fell again on Monday as the Senate failed to pass a stimulus bill. Talks are ongoing.

VIEW IN BROWSER | SUBSCRIBE MON, MAR 23, 2020 EVENING BRIEF AS OF MON, MAR 23, 2020 • 04:54 ET DJIA 18591.93 -3.04% -582.05 S&P 500 2237.40 -2.93% -67.52 NASDAQ 6860.67 -0.27% -18.84   Most Active DOW NAME LAST CHG %CHG AAPL 224.37 -4.87 -2.12% MSFT 135.98 -1.37 -1.00% XOM 31.45 -1.29 -3.94% S&P 500 NAME LAST CHG %CHG BAC 18.08 -1.59 -8.08% F 4.01 -0.32 -7.39% GE 6.11 -0.41 -6.29% NASDAQ NAME LAST CHG %CHG AMD 41.64 +2.03 +5.12% AAPL 224.37 -4.87 -2.12% MSFT 135.98 -1.37 -1.00% EDITOR'S NOTE We've just witnessed a fresh record for the fastest 30% drop in stocks.   CNBC's Yun Li writes it tops the Depression-era crashes of 1934, 1931 and 1929. And until markets are confident that the coronavirus pandemic is losing steam, there may be more losses to come.   The Federal Reserve on Monday upped its efforts to infinity, offering limitless support for credit markets and a whatever-it-takes policy position.   The Senate on Monday failed to pass a stimulus bill to address the crisis, but negotiations continue.   Stocks were sharply lower again on Monday. Investors and analysts have so far been unable to call the bottom for the market.   Billionaire investor David Tepper told CNBC on Monday that he believes the market may still fall another 10% to 15%. DataTrek Research co-founder Nick Colas said the next big dip may be around the corner.   "Do not believe that any equity market stabilization is a sign of an investable bottom in US stocks since history strongly suggests otherwise and we are mindful that 2020 is running the 2008 Playbook at double/triple time," he said in a note. "The next flush down could, in other words, be days rather than weeks away."   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  Dow falls after coronavirus stimulus bill fails in Senate once again Coronavirus stimulus bill blocked again in Senate as talks continue The Federal Reserve just pledged asset purchases with no limit to support markets Track the latest coronavirus updates here This was the fastest 30% sell-off ever, exceeding the pace of declines during the Great Depression Coronavirus pandemic is accelerating as cases eclipse 350,000, WHO says A recap of what took place today in a wild session for stocks In coronavirus tweet storm, Trump touts suspect 'cure' and potential easing of guidelines to boost economy Trump advisor Larry Kudlow admits he was wrong about coronavirus being 'contained' New York coronavirus cases surge 38% overnight to 20,875     TOP VIDEO Kudlow: If you're a long term investor, I would bet on America and the market   CNBC PRO Watch the full interview with David Tepper on when stocks will bottom and what he's buying now   SPECIAL REPORTS Nike earnings: Here's what to watch as coronavirus outbreak worsens We're 'very, very close' to a bottom in the transports, trader says — here are the levels to watch   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS