From Nasdaq: 2025-04-22 09:30:00

U.S. stocks plunged on Monday amid President Trump’s criticism of Federal Reserve Chairman Powell, sparking concerns about the central bank’s autonomy and market impact. The Dow fell 2.5%, S&P 500 dropped 2.4%, and Nasdaq slid 2.6%. Tech, consumer discretionary, utilities, and communication services sectors were hit hard.

Tech stocks led the selloff with NVIDIA down 4.5%, Tesla down 5.8%, and Amazon down 3.1%. Trump’s comments on Powell’s rate cuts raised fears of an economic slowdown. The U.S.-China trade conflict escalated, with Beijing warning against trade negotiations that disadvantage China. Investors remain uncertain about trade negotiations and await first-quarter earnings reports.

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Read more at Nasdaq: Stock Market News for Apr 22, 2025