Mumbai, April 22 -- The Nasdaq plunged 415.55 points (2.6%) to 15,870.90, the Dow tumbled 971.82 points (2.5%) to 38,170.41 and the S&P 500 slumped 124.50 points (2.4%) to 5,158.20.

Wall Street saw a sell-off amid ongoing concerns over a global trade war, as traders awaited progress in President Trump's trade talks. China warned it would retaliate against any country aligning with the U.S. at its expense, vowing countermeasures if pressured into trade restrictions. Tensions rose further with Trump attacking Fed Chair Jerome Powell on Truth Social, calling him Mr. Too Late and a major loser. Trump claimed inflation would remain low but warned of economic slowdown unless interest rates are cut, even suggesting Powell's removal cannot come ...