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US markets end sharply lower amid Trump attacks Fed chair Powell

22 Apr 2025 Evaluate

The US markets closed sharply lower on Monday with Dow extending losses posted on Thursday’s trading session. With all three major gauges plunging more than 2%, the high growth Magnificent Seven tech companies weighed on Tech heavy Nasdaq. The sell-off on Wall Street came amid lingering concerns about a global trade war as traders await signs of progress from President Donald Trump's trade talks. Meanwhile, China has threatened to retaliate against any countries that reach a trade deal with the U.S. at the expense of China's interests which kept investors on edge. Besides, adding to the worries, rising concerns of independence of Federal reserve has whipsawed financial market after President Trump criticize the Fed chair Jerome Powell. Trump has also called on the Fed to lower rates in a separate post last week, declaring, ‘Powell's termination cannot come fast enough!’.

On sectoral Front, the NYSE Arca Networking Index plunged 3.2 percent led by   a substantial downside move in networking stocks. Meanwhile, steep drop in natural gas prices dragged NYSE Arca Natural Gas Index down by 3.0 percent.

Dow Jones Industrial Average tumbled 971.82 points or 2.48 percent to 38,170.41 and Nasdaq plunged 415.55 points or 2.55 percent to 15,870.9, while S&P 500 slumped 124.50 points or 2.36 percent to 5,158.20.


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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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