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📉Trump Torches Powell, Markets Tank

📉Trump Torches Powell, Markets Tank

💥 Dow Drops Nearly 1,000 Points | Nasdaq and S&P Slammed as Trump Targets Fed Again

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Ben The Bull
Apr 21, 2025
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📉Trump Torches Powell, Markets Tank
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📊 Market Snapshot – April 21, 2025

S&P 500: 🔻 -2.36%
Dow Jones: 🔻 -2.48% (↓950 pts)
Nasdaq: 🔻 -2.55%
Gold: 🟢 $3,431 (+3.1%) – All-time high 🚀
Bitcoin: 🟢 $87,174 (+2.43%) – Breaks out 📈
10Y Yield: 🔺 4.41%
USD Index: 🔻 3-year low

🔥 What Just Happened

President Trump lit up markets with fresh attacks on Fed Chair Jerome Powell, calling him a “major loser” and demanding immediate rate cuts.

That insult — paired with Powell’s recent tariff warnings — sent the market into free fall.

Meanwhile, Trump’s tariff regime continues to roil markets, with rising fears over Fed independence and global recession risk.

📉 Every major index tanked. Tech and Consumer Discretionary led the decline.
📉 $TSLA: -7%
📉 $NVDA: -4.5%
📉 $UNH: -6.3%
📉 $AMZN, $META also dragged lower

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