Dow drops 1,000 points 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 152 points, or 2.9%, to 5,130 in early trading, while the Dow Jones Industrial Average tumbled 1,071 points, or 2.7%. The tech-heavy Nasdaq Composite sank even more sharply, dropping 3.2%.

Stocks were down as investors grapple with ongoing tariff uncertainty and await the release of U.S. tech companies earnings this week.