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Stock market today: Dow sinks 1,000 points, S&P 500, Nasdaq tank with Trump's tariffs, Powell bashing in focus [Yahoo! Finance Canada]
Last tesla, inc. earnings: 4/29 04:11 pm
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Chair Jerome Powell, sparking concerns of Fed independence at a time when markets are still reacting to the president's whipsawing tariff policy The S&P 500 ( ^GSPC ) was down more than 2.8%, while the tech-heavy Nasdaq ( ^IXIC ) sank 3%. The Dow Jones Industrial Average ( ^DJI ) dropped nearly 2.7%, over 1,000 points. NASDAQ Composite (^IXIC) As Yahoo Finance's Josh Schafer wrote in our preview of the week, the stock market remains largely at the mercy of Trump's tariffs. Different headlines and shifts in narratives have driven big market swings over the past several weeks, with all three indexes down since Trump's "Liberation Day" event. Meanwhile, investors are grappling with a growing concern: Trump's bluster around removing Fed Chair Jerome Powell . Trump has repeatedly criticized Powell for allegedly keeping interest rates too high, with his latest insult posted on Monday morning, warning that the economy could slow "unless Mr. Too Late, a major loser, lowers interest ra
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