Heavy losses were recorded by her main stock market markers Wall Street today, as US President Donald Trump made a new attack Against the President of the Federal Bank of USA (FED) Jerome Powellraising questions about Central Bank’s independence, while traders are worried as they see little evidence of progress in international trade talks.

In particular on the dashboard, the Dow Jones seized by 2.48% or 971.82 points at 38,170.41 points and S&P 500 It crashed by 2.38% or 125.84 points to 5.156.86 points. THE Nasdaq For his part, he recorded a dip of 2.55% or 415 points at 15,870.90 points. It is noted that in the low days of all three indicators were found to record more than 3% losses and Dow dropped up to more than 1,100 points.

Technological giants known as “Magnificent Seven” recorded significant losses, with Tesla and Nvidia losing more than 5% and 4% corresponding. Amazon lost over 3%, while Advanced Micro Devices and Meta Platforms dropped over 2% and 3% respectively. Caterpillar lost more than 2%.

In a post on Truth Social, the Trump He 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.

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%.

Oil dropped over 2% amid indications for progress in US-Jan talks

Meanwhile, oil prices fell more than 2% today, due to indications of progress in talks between the US and Iran, while investors remained anxious about the financial opposite winds from duties, which could limit the demand for fuel.

In particular, the June delivery Brent lost $ 1.70 or $ 2.5% and closed at $ 66.26 a barrel. It is noted that at the last meeting – last Thursday – a 3.2%dip had recorded a dip. At the same time, the May May Delivery Crude closed at $ 63.08, losing $ 1.60 or $ 2.47%, losing 3.54% in the last meeting. Thursday was the last day of negotiations last week due to Friday holiday.

“US-Iran talks seem relatively positive, allowing traders to start thinking about the possibility of a solution,” said Harry Tchilinguirian, head of the Onyx Capital Group research team. “The immediate impact would be that the Iranian crude would not be out of the market.”

In talks, the US and Iran have agreed to start drawing a framework for a possible nuclear deal, Iran’s foreign minister said, following discussions that an US official described as “very good progress”.

This progress follows the further sanctions imposed by the US last week on the detriment of an independent Chinese oil refinery that, they claim, was processed Iranian crude, increasing pressure on Tehran.

It is noted that OPEC+ is expected to increase production by 411,000 barrels daily since May, although part of this increase can be offset by cuts from countries exceeding their quotas.

A Reuters poll on April 17 showed that investors believe that Trump’s tariff policy will cause a significant slowdown in the US economy this year and year, with the average probability of recession in the next 12 months to reach 50%. The US is the largest oil consumer in the world.