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Stock trading was halted in the moments after the opening bell Monday as the Dow Jones Industrial Average opened down around 2,000 points amid coronavirus fears.It did not get any better on Monday. The Dow closed down 2,013 points at 23,851, marking the largest single-day drop in the market's history. The Dow has lost nearly 6,000 points from a high of 29,551 from just last month, which is nearly a 20 percent overall drop in the market's value.Trading was halted for 15 minutes in the moments after the opening bell, and trading resumed at about 9:50 a.m. ET. Following the trading halt, the Dow recovered somewhat before another mid-afternoon loss put it back 2,000 points on the day.The 2,000 point loss amounted to a 7.9 percent loss.According to 766

Senate Republicans are drafting a stopgap spending bill to extend the funding deadline for approximately 25% of the federal government until February 8, according to three sources.The decision to move forward on the short-term plan hasn't been finalized, the sources said. There are still senators who are urging GOP leaders to negotiate for a broader deal.A final decision likely won't be made until at least Wednesday, the sources said, and President Donald Trump still needs to sign off on any path forward.Senate Democratic leader Chuck Schumer of New York told reporters earlier Tuesday that Democrats would "seriously consider" supporting a short-term spending measure.The proposal comes following a stark shift in the White House's stance going into negotiations. Trump initially refused to budge from his demand for billion in border wall funding, a nonstarter for Democrats that prompted the possibility of a partial government shutdown.A compromise seemed unlikely after a televised meeting in the Oval Office last week, when Trump clashed with House Minority Leader Nancy Pelosi, a California Democrat, and Senate Minority Leader Schumer on the need for wall funding. The President ultimately took ownership of a possible shutdown."I'll tell you what, I am proud to shut down the government for border security, Chuck," Trump told the top Senate Democrat. "So I will take the mantle. I will be the one to shut it down. I'm not going to blame you for it."But White House press secretary Sarah Sanders suggested Tuesday that the White House could agree to a compromise bill to keep the government open, because "we have other ways that we can get to that billion.""We will work with Congress if they will make sure we get a bill passed that provides not just the funding for the wall, but there's a piece of legislation that's been pushed around that Democrats actually voted 26-5 out of committee that provides roughly billion for border security including .6 billion for the wall," she told Fox News. "That's something that we would be able to support as long as we can couple that with other funding resources."Schumer had previously proposed such a bill to avert a shutdown, but retracted it last week because it would not have passed the House, partially due to House Democrats' opposition to .6 billion in border security. 2363

Serena Williams and Naomi Osaka — the grand slam leader in the professional tennis era and newcomer who had surged to the last two majors — both exited the French Open on Saturday in a double shock.Osaka was the first to depart in the afternoon 6-4 and 6-2 to Katerina Siniakova of the Czech Republic before Williams fell to fellow American Sofia Kenin 6-2 and 7-5 in a dramatic evening contest.Williams was short of matches entering the French Open, completing a mere three after her eventful Australian Open that ended with an ankle injury in a quarterfinal defeat.Illness, but more prominently of late, a knee injury have kept the winner of 23 majors on the sidelines.Yet any tournament the 37-year-old plays in is one she can win. And when Williams recovered from a set and break down to lead her 35th-ranked rival 5-4 in the second set, few would have bet against her.Her smooth, potent serve started to click and the 10th seed had the fans on Philippe Chatrier court behind her, especially as Kenin contested several line calls.But her 20-year-old foe, born in Moscow, hung in there and broke for 6-5 in a game that began with Williams erring long on a forehand with Kenin stranded.Williams had one more chance but sent a forehand wide on break point. Then on a second match point, her backhand sailed long.Osaka, meanwhile, admitted the French Open was just too much to handle.The world No. 1 saw her bid to become the first female player since her idol Williams in 2015 to claim three straight majors come to an end.Different feeling"Definitely I think this tournament I have had a feeling that was different to the other grand slams, or every other grand slam that I have played, because usually I find it very freeing and fun, and this time around I was kind of tense the entire time," Osaka told reporters.The fatigue that Osaka said she felt against Siniakova might have been a result. And she suspected headaches she experienced earlier at the clay-court major were because of stress.Still, her level of disappointment at exiting was off the charts."It would go from one to 10 and I'm like at a 100 right now," said Osaka.When Osaka remarked before the tournament that she sought a calendar year grand slam -- last achieved by Steffi Graf in 1988 -- it could have been interpreted as a tongue in cheek comment or at least a goal for further down the road.Osaka is still only 21.Thinking about calendar year slamBut she clearly focused on doing it this year, which she called a mistake."I think I was overthinking this calendar slam," said Osaka. "For me this is something that I have wanted to do forever, but I think I have to think about it like if it was that easy, everyone would have done it."I just have to keep training hard and put myself in a position again to do it hopefully."Osaka is adapting to the clay but she is a quick study, evidenced by a 7-1 record on the surface this season entering the French Open.That combined with her performances at the US Open -- 3000

Robert Kraft entered a plea of not guilty to two misdemeanor counts of soliciting prostitution and requested a jury trial, according to court documents filed Tuesday in Florida.Kraft, the billionaire owner of the New England Patriots, waived his right to an arraignment.Kraft, 77, was charged with soliciting prostitution last month in Palm Beach County. He was among the more than 100 people who were linked to several central Florida day spas and massage parlors suspected of being used for prostitution and targeted by law enforcement during a 559

Stocks went into reverse just before lunchtime on Wall Street Monday. But nobody could figure out why.There weren't any major earnings or economic reports that came out. Yes, there was a big drop in construction spending for December. But it was largely expected. And it was an "old" report whose release was delayed by the government shutdown.Still, the Dow, which was up as much as 130 points shortly after the market opened, was down 400 points by mid-afternoon before cutting those losses nearly in half. The Dow finished the day with a 207-point drop.Boeing, the biggest component of the Dow and the best stock in the blue chip average so far this year, was one of the worst performers, falling nearly 2%. UnitedHealth, McDonald's, Walgreens, Verizon and Nike were among the biggest drags on the Dow too.Paul Nolte, a portfolio manager with Kingsview Asset Management, told CNN Business that he thinks investors are growing tired of talk about an imminent agreement on a trade deal between the United States and China and want more specifics."This is, what the 38th time, that we are 'close' to a trade deal?" Nolte quipped. "You can only cry wolf so many times. We need something more tangible than we're close."Mike O'Rourke, chief market strategist with JonesTrading, told CNN Business he agreed. He said investors may simply be looking for an excuse to sell considering that the Dow, S&P 500 and Nasdaq are all sporting double-digit percentage gains this year."We've gone up sharply on the potential for a deal. But now that the finish line is in sight people are selling the news," O'Rourke said, adding that a pullback is healthy since the"behavior of the past couple of months was atypical."Market slide is much ado about nothingBut Steve Chiavarone, global allocation portfolio manager and equity strategist with Federated Investors, said the sharp pullback Monday is puzzling because most of the economic headlines are still good. He said Monday's sell-off was merely "noise."He pointed out that bond yields have pulled back now that it looks like the Federal Reserve is not going to raise rates again this year. Earnings for the fourth quarter were mostly solid. And if the trade war does end, then the profit picture could improve further.What's more, economists are expecting another solid month of jobs growth when the employment report for February is released Friday.Others argued that investors are just growing nervous for technical reasons, namely that some of the major market indexes have recently topped round number milestones, such as the Dow crossing 26,000 and the S&P 500 passing 2,800."We've tested some of those October and November highs," said William Delwiche, investment strategist with Baird. "It's purely technical and that's probably why we started to see a little loss of momentum."But William Lynch, director of investments at Hinsdale Associates, summed up the mystifying midday move down best."I have no idea why stocks fell. I don't have a clue. I'm as perplexed as you are," he said.Sometimes stocks just go down, especially after they've enjoyed a strong run. It's as simple as that.The-CNN-Wire? & ? 2019 Cable News Network, Inc., a Time Warner Company. All rights reserved. 3246

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