Dow, Nasdaq, S&P 500 Plunge: What’s Behind the Sudden Stock Market Rout?
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...