“Major loser:” President Trump criticizes Fed Chair Jerome Powell, Dow drops 970+ points
President Donald Trump continued his criticism of Federal Reserve Chair Jerome Powell, calling him a “major loser.”
Meanwhile, the Dow Jones Industrial Average dropped 2.48%, the S&P 500 down 2.36% and Nasdaq Composite slid 2.55% as investors watched for signs of progress on trade talks.
Shares of the “Magnificent Seven” also traded lower, with Tesla falling more than 5% and Nvidia down over 4%.
LiveNOW’s Andrew Craft discussed the stock market and Trump’s criticism of the central bank with Jeffrey Roach, Chief Economist at LPL Financial.
Credit to : LiveNOW from FOX
Please support our Sponsors here :
