Market Turmoil Following Trump's Comments

In a dramatic Easter Monday session, U.S. stock markets took a significant hit. This downturn was sparked by President Donald Trump's allegations against Federal Reserve Chair Jerome Powell, suggesting that interest rate decisions were politically motivated. Adding to the market's woes, ongoing trade tensions between the U.S. and Mexico, exacerbated by unresolved tariff disputes, further unsettled investors.

Indexes in Sharp Decline

The Dow Jones Industrial Average experienced a steep drop, losing 972 points, which translates to a 2.48% decrease. Similarly, the Nasdaq 100 and the S&P 500 weren't spared, with declines of 2.46% (449 points) and 2.36% (124 points), respectively.

Euro Gains Against the Dollar

Amidst the market chaos, the euro saw a notable increase against the dollar, rising by 1.24% to $1.15137 by 3:59 pm ET.

Stay tuned for further updates on this developing story.