Stocks fell, with the Dow industrials dropping almost 1,000 points and on pace for their worst April since 1932, and the dollar hit fresh multiyear lows against the euro and other major currencies. Yields on longer-term Treasurys rose and gold surged to a fresh record high.

Markets are on edge about President Trump’s tariff war as well as his threats to fire Fed chief Jerome Powell. Trump on Monday demanded lower rates in a post on social media, saying costs are trending downward and the economy could slow “unless Mr. Too Late, a major loser, lowers interest rates, NOW.”

Major stock indexes were down, with the Nasdaq taking the biggest hit, falling around 2.5% after earlier being down 3% and more.

Big tech shares fell, led by Tesla, Nvidia and Apple.

The ICE U.S. dollar index, a measure of the dollar against a basket of major currencies, slipped more than 1% to its lowest level in three years. The dollar hit fresh lows against the euro, pound, yen and Swiss franc.

Treasury yields rose, with the 10-year up to 4.39%.

Gold surged to over $3,400 a troy ounce, a new record. Bitcoin rallied.

Japan’s Nikkei dropped 1.3%. China’s CSI 300 rose 0.3%.

Markets in Hong Kong and Europe were closed for the Easter holiday.