SPY News: Stock market today: Dow sinks 1,000 points, S&P 500, Nasdaq tank with Trump's tariffs, Powell bashin - 21st Apr 2025, 11:30pm

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US stocks fell sharply Monday as President Trump hurled more social media insults toward Fed Chair Jerome Powell, sparking concerns of Fed independence at a time when markets are still reacting to the president's whipsawing tariff policy.

The S&P 500 (^GSPC) was down over 2.7%, while the tech-heavy Nasdaq (^IXIC) sank 3%, leading the way down. The Dow Jones Industrial Average (^DJI) dropped 2.6%, over 1,000 points.

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