Wall Street and the dollar tumble as investors retreat further from the United StatesBy STAN CHOEUpdated 2:16 PM MST, April 21, 2025ShareNEW YORK (AP) — Wall Street weakened Monday as investors worldwide get more skeptical about U.S. investments because of President Donald Trump’s trade war and his criticism of the Federal Reserve, which are shaking the traditional order.
The S&P 500 sank 2.4% in another wipeout. That yanked the index that’s at the center of many 401(k) accounts 16% below its record set two months ago.
Trader Thomas McCauley works on the floor of the New York Stock Exchange, Monday, April 21, 2025. (AP Photo/Richard Drew)
Trader Thomas McCauley works on the floor of the New York Stock Exchange, Monday, April 21, 2025. (AP Photo/Richard Drew)
The Dow Jones Industrial Average dropped 971 points, or 2.5%, while losses for Tesla and Nvidia helped drag the Nasdaq composite down 2.6%.
Perhaps more worryingly, U.S. government bonds and the value of the U.S. dollar also sank as prices retreated across U.S. markets. It’s an unusual move because Treasurys and the dollar have historically strengthened during episodes of nervousness. This time around, though, it’s policies directly from Washington that are causing the fear and potentially weakening their reputations as some of the world’s safest investments.
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Wall Street and the dollar tumble as investors retreat further from the United States
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U.S. stocks are tumbling Monday as worries about President Donald Trump’s trade war and his criticism of the Federal Reserve cause investors to pull further from the United States.
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Trader Sal Suarino works on the floor of the New York Stock Exchange, Monday, April 21, 2025. (AP Photo/Richard Drew)
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Trader John Bishop, left, works with colleagues on the floor of the New York Stock Exchange, Monday, April 21, 2025. (AP Photo/Richard Drew)
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Trader Thomas McCauley works on the floor of the New York Stock Exchange, Monday, April 21, 2025. (AP Photo/Richard Drew)
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Trader Steven Gohl works on the floor of the New York Stock Exchange, Monday, April 21, 2025. (AP Photo/Richard Drew)
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Trader Robert Arciero works on the floor of the New York Stock Exchange, Monday, April 21, 2025. (AP Photo/Richard Drew)
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Trader Michael Capolino works on the floor of the New York Stock Exchange, Monday, April 21, 2025. (AP Photo/Richard Drew)
By STAN CHOEUpdated 2:16 PM MST, April 21, 2025Share
NEW YORK (AP) — Wall Street weakened Monday as investors worldwide get more skeptical about U.S. investments because of President Donald Trump’s trade war and his criticism of the Federal Reserve, which are shaking the traditional order.
The S&P 500 sank 2.4% in another wipeout. That yanked the index that’s at the center of many 401(k) accounts 16% below its record set two months ago.
The Dow Jones Industrial Average dropped 971 points, or 2.5%, while losses for Tesla and Nvidia helped drag the Nasdaq composite down 2.6%.
Perhaps more worryingly, U.S. government bonds and the value of the U.S. dollar also sank as prices retreated across U.S. markets. It’s an unusual move because Treasurys and the dollar have historically strengthened during episodes of nervousness. This time around, though, it’s policies directly from Washington that are causing the fear and potentially weakening their reputations as some of the world’s safest investments.
