The S&P 500 and Nasdaq Composite saw significant declines on Monday, mirroring a wider market downturn. This decline was primarily driven by tech stocks like Nvidia and Tesla, which experienced sharp losses after President Trump’s public attacks on Federal Reserve Chair Jerome Powell intensified investor uncertainty. The Dow Jones Industrial Average dropped 2.4%, the S&P 500 lost 2.4% while the Nasdaq declined 2.91%, officially entering a bear market. Trump’s criticism of Powell, posted on Truth Social, cast doubt on the Fed’s ability to address inflation, leading to a sell-off across the stock market. The dollar also weakened and gold prices surged to new highs. 8% decline has been recorded for the S&P 500 since April 2nd. 10% drop has been seen in the Nasdaq with the Dow losing 9%. Analysts attribute this volatility to Trump’s trade war policies, which are believed to be contributing to a flight away from U.S. financial markets. Global trade talks remain stalled and tensions with China have worsened, adding pressure on already fragile market conditions.