Dow Jones Plummets 400 Points Amid Criminal Probe Against Fed Chief Jerome Powell

• US stock market experienced sharp selling on Monday following news of a criminal investigation against Fed Chief Jerome Powell by the US Department of Justice.
• The Dow Jones Industrial Average fell by 444 points (0.9%), S&P 500 declined by 0.3%, while Nasdaq Composite remained almost flat.
• President Trump's statement about capping credit card interest rates at 10% for one year also impacted the market.
• Banking stocks, including Citigroup, JPMorgan, Bank of America, and Capital One, faced significant pressure.
• Jerome Powell issued a video statement asserting his commitment to independent monetary policy, resisting political pressure.

Why It Matters: US stocks tumbled after a criminal probe against Fed Chief Powell and Trump's credit rate cap proposal.