Reported 21 days ago
U.S. stocks took a significant hit on Monday, with the Dow Jones falling over 1,100 points as President Trump's continued criticism of Fed Chair Jerome Powell raised fears about the Federal Reserve's independence amid ongoing market reactions to Trump's erratic tariff policies. The S&P 500 declined by nearly 3% and the Nasdaq dropped 3.3%, leading the downturn as major tech stocks struggled. Investors are also anxious about upcoming earnings reports from key companies like Tesla and Alphabet while grappling with a weakening dollar and rising Treasury yields.
Source: YAHOO