U.S. stocks fell sharply Monday amid escalating trade tensions and President Trump’s renewed criticism of Fed Chair Powell. The S&P 500 dropped 2.4% to 5,158.20, the Dow Jones fell 2.5% to 38,170.41, and the Nasdaq composite sank 2.6% to 15,870.90. Investors are increasingly concerned about the impact of new tariffs and the Federal Reserve’s policy stance on the economy.​
Source: AP News
Updated: April 21, 2025