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Tuesday, April 22, 2025
The Dow got crushed on Monday, dropping nearly 1,000 points as traders scrambled through a selloff that's dragging the index toward the worst April since 1932, according to Dow Jones Market Data. The S&P 500's performance under Donald Trump's presidency is now the worst showing for any president this far into office, based on Bespoke Investment Group's data going back to 1928. The damage is tied to a mix of policy chaos, trade tension, and collapsing investor confidence. With Trump back in the White House and already butting heads with Federal Reserve Chairman Jerome Powell, Wall Street isn't waiting to see how bad it gets. There are real fears that Trump might fire Powell, which is only adding fuel to a market that's already overheating from confusion. Investors are seeing corporate earnings start to drop, with many companies warning that tariffs are slicing into future profits. |
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