Media, Tech Stocks Slump as Tariff Uncertainty Hits Earnings Season
Wall Street is off to a brutal start to the week, with the Nasdaq dropping more than 3% a few hours into trading on Monday morning, as the markets continue to grapple with President Trump's tariffs and his criticism of Fed Chairman Jerome Powell. The tech-heavy Nasdaq was down 3.29%, the S&P 500 was down 2.97%, and the Dow Jones had dropped 2.84% by 12:15 E.T. on Monday. Several major media and tech companies like Apple and Disney have taken hits to their share price as part of the downturn - more on that in a minute - and from a macro standpoint, all three major indexes are down 10% or . . .