Heavy losses are recorded by Wall Street’s main brokerage indicators today as US President Donald Trump made a new attack Against US Federal Bank (FED) President Jerome Powell, raising questions about the central bank’s independence, while traders see minimal evidence of progress in world trade talks.

In particular on the dashboard, the Dow Jones slides by 2.72% or 1,063 points at 38,078.48 points and S&P 500 Slipped by 2.82% or 149 points to 5,132.65 points. THE Nasdaq For his part, he records a dip of 3.10% or 506 points at 15,779.53 points.

Technological giants known as “Magnificent Seven” record significant losses, with Tesla and Nvidia losing 6% and 5% respectively. Amazon loses 3%, while Advanced Micro Devices and Meta Platforms also decline by about 3%. Caterpillar also loses 3%.

In a post on Truth Social, Trump argued that the economy would slow down if Powell – whom he described as “Mr. Subsequently, a big loser ”- does not directly reduce interest rates. The attack comes after another post last week, in which Trump also asked the Fed to reduce interest rates, even implying Powell’s “dismissal” – something that White House financial adviser Kevin Hasset said that the chairman’s team was investigating.

The shares retreated significantly after Trump’s post today. The dollar also was pressured, marking a three -year low. Gold, meanwhile, jumped to record levels, over $ 3,400 per ounce.

Investors are facing “a new source of macroeconomic anxiety, as Trump threatens Fed’s independence,” Vital Knowledge’s Adam Crisafulli said. “This threat is related to Trump’s trade war, as Powell and his colleagues are forced to remain on the sidelines due to the prospect of inflation due to duties in the coming months.”

The investment climate is also affected by the lack of progress in international trade talks. After all, tensions seemed to grow with China, with the country warning other nations not concluding any agreement with the US that would hurt China.

The S&P 500 has fallen more than 8% since April 2, when Trump announced a number of duties to imports from other countries. Nasdaq has lost almost 10% in this time and Dow has dropped by 9%.