Stocks Rise as Trump-Powell Tensions Ease and Major Movers Shift
TL;DR Summary
Stocks experienced mixed movements with the S&P 500 slightly down, while the Nasdaq 100 was pressured by weak chip stocks following disappointing guidance from ASML. Support came from positive PPI and earnings reports, but concerns about potential firing of Fed Chair Powell, after reports of President Trump discussing his removal, added uncertainty. Economic data showed some signs of easing inflation and stronger industrial production, influencing market sentiment.
- Stocks Pressured by Chip-Stock Sell-off and Increased Talk about Powell Firing Yahoo Finance
- Stocks swing on Trump-Powell drama — plus, an industrial AI name makes a deal CNBC
- ASML, J&J, Morgan Stanley, Ford, Palantir, Brighthouse, and More Movers Barron's
- Stock Market Today: Dow up around 200 points, S&P 500 rises and Nasdaq heads for another record after Trump says he isn't planning to fire Powell MarketWatch
- London stocks slip after reports that Trump will fire Federal Reserve boss The Independent
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