Stocks sink before House vote on $2T coronavirus relief package

U.S. equity markets stumbled Friday morning as investors awaited a House vote on the bill that would extend $2 trillion worth of aid to individuals, small businesses and corporations hit hardest by the COVID-19 pandemic. Concerns emerged Thursday evening that Rep. Thomas Massie, R-Ky., could try to prevent a so-called voice vote on the House floor that would fast-track the process. A voice vote would allow those present to yell “yea” or “nay” to express their support or dissent, with the loudest side prevailing. The Dow Jones Industrial Average tumbled 792 points, or 3.52 percent, in the opening minutes of trading, while the S&P 500 and Nasdaq Composite dropped 3.1 percent and 2.8 percent respectively.

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