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Fortune
Fortune
Alicia Adamczyk

Trump’s Powell threats sink stocks in rocky start to trading week

(Credit: Angela Weiss—Getty Images)
  • U.S. stock indexes fell Monday, kicking off a rough start to the week amid growing concerns over tariffs and the future of the U.S. Federal Reserve’s independence. Meanwhile, the dollar continued to fall, and Treasury bond yields rose while gold soared.

The “Sell America” trade was still in effect Monday as all major U.S. stock indexes closed lower amid mounting concerns over President Donald Trump’s trade war and his unprecedented threats to oust Federal Reserve Chair Jerome Powell.

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