By Vicky Ge Huang
Stocks logged broad-based declines on Monday after President Trump ramped up his attacks against Federal Reserve Chair Jerome Powell.
Big tech shares led the losses. All members of the Magnificent Seven group of stocks declined, with Nvidia and Tesla leading the losses. Tesla, which is slated to report earnings after market closes, dropped 7% in early afternoon trading.
Still, there are bright spots in tech. Netflix rose more than 1% after the streaming giant posted a better-than-expected earnings report.
In financial services, shares of Capital One rose 1% after the credit card issuer's $35 billion acquisition of Discover got the greenlight from bank regulators on Friday. Discover gained more than 3%.
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(END) Dow Jones Newswires
April 21, 2025 13:42 ET (17:42 GMT)
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