U.S. Stock Futures Sink After Powell Accuses Trump of Intimidation Over DOJ Probe

U.S. Stock Futures Slip Amid Tensions Between Trump and Powell

U.S. stock futures dipped on Sunday, ahead of a busy week on Wall Street, as tensions between President Donald Trump and Federal Reserve Chair Jerome Powell escalated.

Background

The Dow and S&P 500 closed Friday at record highs, but investors are now bracing for a potentially volatile week ahead of earnings season.

Powell's Investigation

Federal Reserve Chair Jerome Powell revealed on Sunday that he is under criminal investigation, citing a probe by the New York Times. This news comes as President Trump has been critical of Powell's handling of interest rates.

Trump's Response

President Trump has been vocal about his dissatisfaction with Powell's leadership, stating that he is 'inclined to keep Exxon out' of Venezuela after the CEO's skepticism during a meeting at the White House.

Market Reaction

U.S. stock futures slipped on Sunday, reflecting the uncertainty and tension between Trump and Powell. The Dow and S&P 500 are expected to open lower on Monday, as investors weigh the implications of this developing story.

Impact on Markets

The market reaction to this news is a reflection of the ongoing tensions between Trump and Powell. As the situation unfolds, investors will be closely watching for any further developments that may impact the markets.

Conclusion

The U.S. stock market is bracing for a potentially volatile week ahead of earnings season, as tensions between Trump and Powell escalate. The impact on markets will be closely watched as this story continues to unfold.

Sources

[1] U.S. stock futures sink after Powell accuses Trump of intimidation over DOJ probe
[2] Trump says he’s ‘inclined to keep Exxon out’ of Venezuela after CEO’s skepticism
[3] Fed Chair Powell says he's under criminal investigation, won't bow to Trump intimidation