From Financial Modeling Prep: 2025-04-23 02:37:00

U.S. equities tumbled as Dow dropped nearly 1,000 points on Monday amid Trump’s renewed criticism of Fed Chair Powell’s independence. Trade tensions persist, leaving investors anxious ahead of key economic reports this week.

Market Recap:
– Dow Jones: -971.82 points (-2.48%) to 38,170.41
– S&P 500: -2.36% to 5,158.20
– Nasdaq Composite: -2.55% to 15,870.90

Fed Independence Under Fire:
– Trump criticizes Powell on Truth Social, demanding immediate rate cuts
– Speculation of Powell’s dismissal continues, fueling policy uncertainty
– Attacks on Fed autonomy drive up bond yields and equity risk premiums

Trade Developments Fail to Calm Markets:
– Tariff exemptions offer little relief for exporters
– Global PMI data to reveal impact of tariff shifts on business activity

Key Reads This Week:
– Flash PMIs (Wed)
– Fed Commentary
– Durable Goods Orders (Thu)

Track Upcoming Economic Releases:
– Use the Economics Calendar – Economics Data API from Financial Modeling Prep for real-time scheduling and historical context on market-moving indicators.



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