New York (CNN Business) The Trump stock rally, which at its peak only last month seemed unending, has evaporated.

S&P 500 SPX The, the broadest measure of the US stock market, dropped below 2,264 points on Monday, falling past its closing level on January 19, 2017, the day before President Donald Trump took his oath of office.

Stocks finished in the red across the board on Monday, after t he Senate failed to agree on the multi-trillion economic relief package put forward by the administration.

The $2 trillion plan includes a proposal to provide $500 billion in loans and loan guarantees for distressed companies, states and localities, but thus far does not have clear guidelines on who is eligible or require companies that take the loans maintain their current workforce. Also at issue is how to deliver funds to states and localities.

Dow INDU . Thehad already wiped out its gains under the Trump White House last week. The index on Monday briefly dipped below its close on Election Day 2016 , but recovered slightly before the close

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