US stocks tumbled Monday as investors worldwide became more skeptical about US investments because of President Trump’s trade war and his criticism of the Federal Reserve,.
US stocks tumbled Monday as investors worldwide became more skeptical about US investments because of President Trump’s trade war and his criticism of the Federal Reserve, which are shaking up the traditional order.
Tesla sank 6% and closed roughly 50% below its record set in December. Nvidia fell 4.5% in its third straight drop after disclosing that new US export limits on chips to China could hurt its first-quarter results by $5.5 billion. It was the single heaviest weight on the S&P 500. A 1.9% drop for Apple, a 2.4% fall for Microsoft, and a 3.1% slide for Amazon were close behind. The vast majority of stocks in the index fell.
