#USStockDrop
U.S. Stock Market Turmoil – April 21, 2025
Markets plunged following a high-profile clash between former President Donald Trump and Fed Chair Jerome Powell.
Market Reaction:
Dow Jones: -2.1%
S&P 500: -2.3%
Nasdaq: -2.55% — hit hard by Tesla, Nvidia, and Amazon sell-offs
What Triggered It:
Trump publicly slammed Powell as a “major loser” and demanded immediate rate cuts, fueling fears of political meddling in central bank policy.
Powell Fires Back:
The Fed Chair held his ground, emphasizing a strict data-driven stance and resisting any premature policy shifts.
Investor Mood:
Uncertainty spiked. The U.S. dollar tumbled to a 3-year low, and speculation is mounting that Trump could move to oust Powell if re-elected in 2026.
