The US stock market ended sharply lower on Monday, with the Dow Jones Industrial Average plummeting by 970 points. The S&P 500 and Nasdaq indexes also fell, leading to a record-breaking surge in gold prices.
The decline was attributed to investor disappointment over the lack of progress in US-Japan tariff talks and warnings from China that it would retaliate against efforts to isolate it in trade policy. Additionally, concerns about President Donald Trump’s criticism of Federal Reserve Chair Jerome Powell contributed to a drop in the US dollar and rising Treasury yields.
Source: https://www.marketwatch.com/livecoverage/stock-market-today-dow-set-for-300-point-loss-as-s-p-500-nasdaq-called-lower-after-three-day-break