Dow Closes Day 973 Points Down After Trump Attack

CNBC reports:

Stocks fell again on Monday as President Donald Trump ramped up his attacks on Federal Reserve Chair Jerome Powell, raising questions about the central bank’s independence, while traders received little signs of progress on global trade talks.

The Dow Jones Industrial Average traded 973 points lower, or 2.5%. The S&P 500 shed 2.4%, and the Nasdaq Composite lost 2.6%.

“Magnificent Seven” tech titans dragged the major indexes lower, with Tesla and Nvidia respectively losing 7% and 6%. Amazon shed 4%, as did Advanced Micro Devices and Meta Platforms. Equipment manufacturer Caterpillar declined 3%.

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Dow Jones Average when Trump became president: 44,424

Dow Jones Average now, entirely due to Trump: 37,916

For the median older American with a 401k, their wealth has shrunk in the last three months from $200K to $170K. So far.

— KBAndersen (@KBAndersenLive) April 21, 2025