Stock Market Today: Stocks sag as investors eye Fed chief's tenure
Powell's shaky relationship with the Trump Administration weighs on market. Gold soars, but crude oil slides lower.
Stocks slumped Monday after the long Easter weekend as investors worried about tariffs, the economy an whether President Trump was going to try to sack Federal Reserve Chairman Jerome Powell.
At 10:05 a.m. ET, the Standard & Poor's 500 index was down 1.9% at 5,182. The Nasdaq Composite Index had dropped 2.5% to 15,890, and the Dow Industrial Average was off nearly 660 points, or 1.7%, to 38,485.
Stock market today
U.S. stocks had signaled a lower open because of the tariff question, Powell's tenure and rising interest rates.
At 8:30 a.m. ET, an hour before trading opens on U.S. exchanges, futures trading in the major averages were all lower.