US EditionDow sinks 1,000 points as worries about Trump’s trade war and his criticism of the Federal Reserve spook investors
- Stocks fell sharply on Monday, with the Dow Jones Industrial Average dropping more than 1,200 points as investors reacted to ongoing trade worries and President Donald Trump's criticism of Federal Reserve Chairman Jerome Powell.
- Trump stated on Truth Social that there is 'virtually No Inflation' and criticized Powell for not lowering interest rates.
- Austan Goolsbee, president of the Federal Reserve Bank of Chicago, emphasized the importance of the Fed's independence in setting monetary policy, stating that 'monetary independence from political interference' is crucial for maintaining credibility.
- China's Commerce Ministry warned countries against making trade deals with the U.S. That do not consider its interests, signaling heightened tensions amid ongoing tariff disputes.
143 Articles
143 Articles
Wall Street and the dollar fall as investors move further away from the US
Wall Street closed Monday with losses as investors around the world showed greater scepticism about investments in the United States due to President Donald Trump’s trade war and his criticism of the Federal Reserve, which is shaking the traditional order.
Stock markets tumble as investors pull back from American assets
Wall Street weakened Monday as investors worldwide became more skeptical about American investments, something many economists suggest is due to Trump's trade war and ongoing criticism of the Federal Reserve. The S&P 500 sank 2.4 per cent, the Dow Jones Industrial Average dropped 2.5 per cent and the Nasdaq composite fell 2.6 per cent.
Financial Post
S&P/TSX composite down almost 200 points Monday, U.S. stock markets tumble
TORONTO -- Canada's main stock index was down almost 200 points Monday in a broad-based decline after the long weekend, while U.S. stock markets also fell amid ongoing tariff concerns and U.S. President Donald Trump's latest criticism of the head of the Federal Reserve.
Wall Street and the dollar tumble as Trump repeats attacks on Fed Chair Powell
Wall Street weakened Monday as investors worldwide get more skeptical about U.S. investments because of President Donald Trump’s trade war and his criticism of the Federal Reserve, which are shaking the traditional order.The S&P 500 sank 2.4% in another wipeout. That yanked the index that’s at the center of many 401(k) accounts 16% below its record set two months ago.The Dow Jones Industrial Average dropped 971 points, or 2.5%, while losses for …
Dow Jones closes 1,000 points lower on recession concerns, Trump's unprecedented attack on Fed chief Powell
US stock markets closed in the red on Easter Monday. The Dow Jones index fell by 1,300 points (-3.3%) and closed 972 points lower (-2.5%). Investors are concerned about President Trump's intensified attack on Federal Reserve chairman Jerome Powell. Once again, it appears that there is no prospect of an agreement in the US trade war with China and Europe.
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