U.S. stocks plunge despite Fed announcing market support

U.S. stocks on Monday opened low again, even though the Federal Reserve introduced tools to support the market during the coronavirus outbreak.

The Dow Jones Industrial Average fell 145.62 points, or 0.76%, at the opening to 19,028.36. The S&P 500 opened lower by 14.21 points, or 0.62%, at 2,290.71.