Dow Jones, Nasdaq, S&P 500 fall as Trump criticizes Powell, tariffs in focus

• Trump pressures Powell as stock markets fall sharply
• Dow Jones, Nasdaq and SP 500 record significant declines
• Bitcoin, gold surge on tariff, political tensions

US stock markets started the week with sharp falls, pressed by new statements by former President Donald Trump against Federal Reserve Chairman Jerome Powell and by persistent tension over trade tariffs.

On Monday (date not specified), the SP 500 fell more than 2%, while the tech-driven Nasdaq fell 2,6%. The Dow Jones Industrial Average fell 1,9%, losing more than 700 points. These moves deepen the losses accumulated since Trump's "Liberation Day" declaration, which has impacted markets with sudden changes in investor expectations.

Trump has stepped up his attacks on Powell on social media, criticizing the Federal Reserve's stance on keeping interest rates high. In his most recent post, he said the economy could slow "unless Mr. Too Late, a big loser, cuts interest rates, NOW."

The timing of the criticism is noteworthy, as it comes shortly after Powell publicly warned about the economic risks associated with Trump's proposed tariffs, reinforcing fears of political interference in the country's monetary policy.

The combination of fiscal uncertainty and political tensions led the US dollar to hit its lowest level since 2022. At the same time, yields on 10-year Treasury bonds rose to 4,4%, indicating greater risk aversion on the part of global investors.

In the alternative assets market, bitcoin renewed its high since Trump's tariff announcement, now trading at $88.000, up 4%, and gold surpassed $3.400 for the first time.