A wave of selling hit Wall Street as the Dow Jones Industrial Average tumbled points, or.48%, with the S&P sinking.36% and the Nasdaq Composite falling.55%4. The sharp drop follows fresh criticism from former President Donald Trump, who publicly blasted Federal Reserve Chair Jerome Powell’s handling of interest rates and inflation.
Investors are reacting not just to political tensions but also to a weakening economic outlook. The Conference Board recently revised its U.S. GDP growth forecast for down to.6%, citing ongoing trade conflicts and softening consumer expectations. Market volatility remains high as traders digest the impact of Trump’s tariff policies, which have already triggered historic swings in major indexes over the past weeks.
Meanwhile, the U.S. dollar index slid to a three-year low, compounding market jitters and sending gold prices higher as investors seek safe havens. Futures for the Dow and S&P point to continued uncertainty, with analysts warning that more turbulence could be ahead as over S&P companies are set to report earnings this week.
With the Federal Reserve facing mounting pressure and global trade tensions unresolved, Wall Street is bracing for more dramatic moves. The next few days could prove pivotal for the direction of both the stock market and the U.S. economy.
