US: Wall Street opens lower as Trump takes aim at Powell

[NEW YORK] Wall Street’s main indexes opened down on Monday (Apr 21) after US President Donald Trump’s renewed attacks against Federal Reserve chair Jerome Powell sparked concerns about the central bank’s independence and rattled investors grappling with an escalating trade war.

The Dow Jones Industrial Average fell 236.2 points, or 0.60 per cent, at the open to 38,906.04.

The S&P 500 fell 49.8 points, or 0.94 per cent, at the open to 5,232.94​, while the Nasdaq Composite dropped 233.7 points, or 1.43 per cent, to 16,052.764 at the opening bell. REUTERS