From Nasdaq: 2025-04-16 16:25:00

Stocks stumbled as Fed Chair Powell expressed concerns over Trump’s tariff policy, causing the Dow to fall below 40,000 and the Nasdaq to drop over 3%. Wall Street also grappled with a tech selloff due to Nvidia’s $5.5 billion tariff-related charges. Gold prices hit a new record high amid global stockpiling. Oil prices rose after the U.S. issued sanctions on Chinese importers of Iranian oil. President Trump aims to eliminate Iran’s oil exports.



Read more at Nasdaq: Nasdaq, Dow Plummet on Murky Interest Rate Picture