US stocks tumbled as President Donald Trump called on the Federal Reserve chair to cut interest rates amid mounting signs his trade war is pushing the economy toward recession. The dollar fell with long-dated Treasuries, while gold rallied.
The S&P 500 Index closed down 2.4% in New York, while the Nasdaq 100 Indexfell 2.5%. The Cboe VIX Index hovered around 34. Tesla Inc. plunged 5.7% ahead of results postmarket Tuesday. Sweetgreen Inc. shares fell 8.2% after the salad restaurant chain said its COO would leave the company.
Trump’s latest demands on Jerome Powell to act on rates renewed concern about the president’s willingness to meddle with ...
