US Stock Market Highlights: Dow slides more than 950 points as Trump rips Fed Chair Powell, reigniting investor worries

US Stock Market Highlights: US markets slumped on Monday (April 21) amid renewed political pressure on the Federal Reserve and a lack of progress in global trade negotiations. The Dow Jones Industrial Average traded 971.82 points lower, or 2.48%. to close at 38,170.41. The S&P 500 shed 2.36% and ended at 5,158.20, and the Nasdaq Composite lost 2.55% to settle at 15,870.90.

US Stock Market Highlights:  US markets slumped on Monday (April 21) amid renewed political pressure on the Federal Reserve and a lack of progress in global trade negotiations. The Dow Jones Industrial Average traded 971.82 points lower, or 2.48%. to close at 38,170.41. The S&P 500 shed 2.36% and ended at 5,158.20, and the Nasdaq Composite lost 2.55% to settle at 15,870.90. Heavy losses among the “Magnificent Seven” tech giants weighed on the broader market. Tesla sank 7%, Nvidia fell 6%, and Amazon, AMD, and Meta each slid 4%. Industrial bellwether Caterpillar also declined, shedding 3%. The sell-off intensified after President Donald Trump escalated his criticism of Fed Chair Jerome Powell, casting fresh doubts on the central bank’s independence and unnerving investors already cautious about trade tensions.