Dow Jones sheds nearly 400 points, falls below 28,000

US stock indices opened lower on Monday, amid the lingering uncertainty about the second US fiscal aid package to ease the coronavirus impact.

Observers fear the coronavirus pandemic in the US will worsen, especially after the US reported a record jump in Covid-19 cases by more than 80,000 cases in a single day.

This came as the process of developing effective and safe Covid-19 vaccines is lagging behind

Investors are anticipating the latest developments in the ongoing negotiations between the White House and the US Congress about the second fiscal aid package.

As for stocks, Dow Jones fell 1.3% or 375 points to 27,949 as of 15:10 GMT, Nasdaq fell 0.2% or 21 points to 11,525, and S&P 500 fell 09% or 31 to 3,434.