Stock market slumps as Trump renews criticism of Federal Reserve Chair Jerome Powell

Stocks fell sharply on Monday as Wall Street returned from a shortened trading week and President Trump renewed his criticism of Federal Reserve Chair Jerome Powell, branding him as a “major loser.” The S&P 500 fell 125 points, or 2.4% to close at 5,158, while the Dow Jones Industrial Average tumbled 972 points, or 2.5%, to 38,170. The tech-heavy Nasdaq Composite sank even more sharply, dropping 2.5%. Stocks fell as investors grapple with ongoing tariff uncertainty and await the release of U.S. tech companies earnings this week. Global activity remained light heading into Monday as a good portion of markets…