Market Turmoil Follows Trump's Comments on Fed and Trade

Wall Street opened sharply lower on Monday, with major indices diving into the red as investors reacted to President Donald Trump's latest comments regarding Federal Reserve Chair Jerome Powell and ongoing tariff concerns. The Dow Jones Industrial Average, Nasdaq 100, and S&P 500 all saw significant losses shortly after the opening bell.

Stocks and Currencies Feel the Pressure

Notable decliners included Nvidia and Tesla, with the latter dropping nearly 5% in early trading. Meanwhile, the euro made significant gains against the dollar, highlighting the broad impact of the day's market movements.

Trump's dissatisfaction with Powell's performance and his suggestion that Powell could be replaced added to the market's unease, compounded by lingering worries over U.S.-China trade relations.