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LIVE: Markets react after Wall Street hopes to rebound from sell-off
Posted
April 22, 2025
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131,684
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April 22, 2025
131,684
1,217
175
1.06%
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6:49:10Now PlayingWatch live coverage as U.S. Markets react as traders tried to recover following a rough day on Wall Street, as President Donald Trump’s latest criticism of Federal Reserve Chair Jerome Powell hurt sentiment. Investors grew increasingly uncertain after Trump posted on Truth Social that the economy would slow if the Fed did not cut interest rates. In the latest of multiple recent posts calling out Powell by name, he called the Fed chief “Mr. Too Late” and a “major loser.” Trump hinted at Powell’s “termination” last week, an unprecedented action that White House economic advisor Kevin Hassett said the president’s team was currently studying. Powell has said he cannot be fired under law and intends to serve through the end of his term in May 2026. Monday’s steep sell-off comes amid a turbulent period for stocks since Trump’s initial announcement of “reciprocal” tariffs rocked financial markets. The three major indexes have all tumbled more than 9% since Trump first unveiled his plan for levies on April 2.
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LIVE: Markets react after Wall Street hopes to rebound from sell-off
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