Overview

• U.S. stock markets saw a sharp selloff on Monday, with the Dow dropping over 1,000 points and the S&P 500 and Nasdaq each falling more than 2%.
• Gold surged to a record high above $3,500 an ounce as investors sought safe-haven assets amidst economic uncertainty.
• The U.S. dollar hit a three-year low, while Treasury yields rose, reflecting fears of political interference in monetary policy.
• Global markets reacted unevenly: Asian and European stocks traded mixed, while Indian indices gained, suggesting partial decoupling from U.S. volatility.
• Investors are cautiously watching for Trump’s next steps on Federal Reserve leadership and trade policies as U.S. stock futures show slight recovery.