1. US stocks fell sharply on Monday as investors appear to shrug off the Fed's emergency actions Sunday amid the coronavirus pandemic.
2. The S&P 500 plummeted 8.1% at the open, triggering a 15-minute market-wide trading halt. The Dow Jones Industrial Average slipped 9.7%, or 2,250 points. The selling pressure persisted once trading resumed.
3. The Federal Reserve on Sunday cut its benchmark interest rate to near zero and said that it will increase bond holdings by $700 billion, among other measures.
4. "Even if the Fed is able to put a floor under markets, asset prices are unlikely to begin recovering until coronavirus spread plateaus," Seema Shah, chief strategist at Principal Global Investors, told Business Insider.
5. Read more on Business Insider.

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