New York City, U.S. – Stock futures took a downward turn on Monday night after a tumultuous day on Wall Street, fueled by President Donald Trump’s criticism of Federal Reserve Chair Jerome Powell. Futures tied to the Dow Jones Industrial Average slipped by 0.2%, losing 75 points. Similarly, S&P 500 futures and Nasdaq 100 futures both decreased by 0.2%.
The decline in futures follows a significant sell-off in the market, with the Dow plunging over 970 points during the regular session. The S&P 500 and Nasdaq Composite also experienced substantial losses, sliding by more than 2%. This marked the fourth consecutive day of losses for both the Dow and Nasdaq.
Investor uncertainty grew after Trump took to Truth Social to express concerns that the economy would slow down if the Fed did not lower interest rates. In a series of recent posts targeting Powell, Trump referred to him as “Mr. Too Late” and a “major loser.” The president even hinted at the possibility of Powell’s termination, an unprecedented move that has raised questions about the Fed’s independence.
The stock market has been in turmoil since Trump’s announcement of tariffs, causing all three major indexes to drop by more than 9%. The ongoing trade tensions and economic uncertainties have added volatility to the market, prompting concerns among investors.
Looking ahead, investors are eager to see the results of the manufacturing survey from the Richmond Fed on Tuesday morning. Additionally, several Fed officials, including Fed Vice Chair Philip Jefferson and Minneapolis Fed President Neel Kashkari, are scheduled to deliver speeches throughout the day. On the earnings front, companies like Lockheed Martin and Tesla are preparing to release their quarterly financial reports, which will surely impact market sentiment.
The financial markets continue to navigate through a period of uncertainty, with geopolitical tensions and economic indicators influencing investor confidence. As the Fed closely monitors economic developments and the impact of trade policies, market participants remain vigilant in assessing the ever-changing landscape of global finance.