Trump Criticizes Fed, Dow Jones Plummets by 971 Points Amid Calls for Rate Cuts
The US stock market experienced a significant downturn on Monday, with the Dow Jones Industrial Average falling by 971 points to close at 38170.41, a drop of 2.48%. The S&P 500 index also declined by 124.50 points to 5158.20, a decrease of 2.36%. The Nasdaq, primarily composed of tech stocks, fell by 415.55 points to close at 15870.90, a reduction of 2.55%.
President Trump took to social media to criticize Fed Chair Jerome Powell, calling him a 'loser,' and urged the Fed to promptly cut rates, stressing that economic growth could slow without rate reductions.
