Theme:
Light Dark Auto
GeneralTop StoriesPoliticsBusinessEconomyTechnologyInternationalEnvironmentScienceSportsHealthEducationEntertainmentLifestyleCultureCrime & LawTravel & TourismFood & RecipesFact CheckReligion
BUSINESS

Stocks close out choppy day after Trump calls for ousting Fed Chair Powell

US stocks showed mixed results Thursday, influenced by President Trump's comments on trade deals and his criticism of Federal Reserve Chair Jerome Powell. While Trump touted imminent trade agreements with Europe and China, his renewed call for Powell's firing initially caused market uncertainty. Despite this, the S&P 500 edged higher, while the Dow fell significantly, partly due to UnitedHealth's profit forecast cut. Concerns remain about trade policy uncertainty and its impact on economic growth, with the IMF predicting notable growth forecast markdowns. Tech stocks also experienced declines, affected by government export restrictions on chip sales to China.

Prepared by Christopher Adams and reviewed by editorial team.

Related News

Comments

JQJO App
Get JQJO App
Read news faster on our app
GET