Market Indexes Tank Again, but Gold Continues to Shine
From Nasdaq: 2025-04-21 18:14:00
Market indexes closed lower on Monday, with the Dow down -971 points, S&P 500 dropping -124 points, Nasdaq losing -415 points, and Russell 2000 down -42 points. Trump’s verbal attack on Fed Chair Powell caused market confidence to drop, leading to concerns about trade deals and interest rate cuts. Gold prices hit a new all-time high at $3426 per ounce, driven by factors like Chinese investment trends and a falling U.S. dollar. Tomorrow, Fed presidents will provide insights on Fed policy, while big names like 3M, Lockheed Martin, and Tesla report earnings. Zacks Research Chief names a top stock with potential to double in value, highlighting an innovative financial firm as a promising investment option.
Read more at Nasdaq: Market Indexes Tank Again, but Gold Continues to Shine