iShares Dow Jones U.S. ETF Price & Performance (IYY)

US stocks plunged Monday, with the Dow tumbling nearly 972 points, or 2.5%, as President Trump’s renewed attacks on Fed Chair Powell unsettled investors. The S&P 500 and Nasdaq also fell sharply, pressured by steep losses in major tech names and ongoing uncertainty over global trade talks.123

The iShares Dow Jones U.S. ETF (IYY) dropped 2.4% to $125.11, reflecting broad market weakness and increased trading volume. Technical signals remain negative, with forecasts suggesting further declines in the coming weeks unless current support levels hold, highlighting persistent investor caution.45

Heavy losses in the so-called “Magnificent Seven” tech stocks, including Tesla, Nvidia, and Amazon, contributed to Wall Street’s sharp drop. As risk appetite wanes, investors are shifting funds into gold and short-term Treasury ETFs, signaling a defensive posture amid political and economic uncertainty.36