{"id":20323,"date":"2025-04-22T13:51:00","date_gmt":"2025-04-22T13:51:00","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/stock-futures-edge-a-day-after-trump-attack-on-powell-triggers-major-sell-off\/"},"modified":"2025-04-22T13:51:00","modified_gmt":"2025-04-22T13:51:00","slug":"stock-futures-edge-a-day-after-trump-attack-on-powell-triggers-major-sell-off","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/stock-futures-edge-a-day-after-trump-attack-on-powell-triggers-major-sell-off\/","title":{"rendered":"Stock futures edge a day after Trump attack on Powell triggers major sell-off"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"\">\n<p>Stocks are on track to open higher after sliding sharply on Monday following President Trump&#8217;s latest attack on Federal Reserve Chairman Jerome Powell.<\/p>\n<p>Mr. Trump on\u00a0<a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/114376239725335883\" target=\"_blank\" rel=\"nofollow noopener\">Truth Social<\/a>\u00a0on Monday renewed his criticism of Federal Reserve Chair Jerome Powell for being &#8220;too late&#8221; to act, <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/stock-market-down-trump-jerome-powell-federal-reserve-tariffs\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">causing markets to major slump<\/a><\/span>.\u00a0<\/p>\n<p>An hour before trading opened on Tuesday, Dow Jones futures were up 314 points, or 0.8%, S&amp;P 500 futures rose 39 points, or 0.7%, while Nasdaq futures increased 147 points, or 0.8% \u2014 signaling a more positive outlook.\u00a0<\/p>\n<p>Yesterday the Dow\u00a0<span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/stock-market-down-trump-jerome-powell-federal-reserve-tariffs\/\" data-invalid-url-rewritten-http=\"\">fell<\/a><\/span>\u00a0over 1,000 points amid ongoing investor uncertainty about tariffs and <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/can-trump-fire-powell-term-end-federal-reserve-what-to-know\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">the future of Powell&#8217;s position<\/a><\/span> as head of the central bank. National Economic Council Director Kevin Hassett last week said Mr. Trump and his team are studying <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/can-trump-fire-powell-term-end-federal-reserve-what-to-know\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">whether Mr. Trump can fire Powell.<\/a><\/span> While the outlook for leadership at the Fed remains unclear, analysts say that removing Powell would destabilize the United States&#8217; reputation on the world stage and set off a crisis in global financial markets. \u00a0<\/p>\n<p>Technology companies also inched up before the bell Tuesday. Shares of Meta Platform, Nvidia, and Tesla \u2013 the latter of which is expected to release its earnings later today \u2013 all rose less than 1%. Tesla shares are down about 40% since the beginning of 2025.<\/p>\n<p>A few factors could be driving the uptick, said Adam Crisfaulli, president of investment advisory firm Vital Knowledge, in a research note. Among them: the potential for a US-India trade deal and certain key Congressional Republicans coming out in support of Fed independence.<\/p>\n<p>Despite the promising precursor to Tuesday trading on Wall Street, Trump&#8217;s trade war continues to shake up markets around the world. Global shares were trading mixed Tuesday, with the major Eurozone indices all edging down during early trading. Stock prices in Asia were mixed.<\/p>\n<p>&#8220;Across Asia, there is undoubtedly a sense of urgency to get to the negotiation table even as striking a deal at an appropriate cost can be tough,&#8221; Tan Boon Heng, at Mizuho Bank&#8217;s Asia &amp; Oceania Treasury Department, told the Associated Press.<\/p>\n<p>The Dow Jones Industrial Average is on track for its worst April since 1932, The Wall Street Journal\u00a0<a href=\"https:\/\/www.wsj.com\/finance\/investing\/dow-jones-stocks-worst-april-1932-74fe82ac?mod=hp_lead_pos1\" target=\"_blank\" rel=\"nofollow noopener\">reported<\/a>.\u00a0<\/p>\n<p>The dollar index steadied on Tuesday after sliding to its\u00a0<span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/stock-market-down-trump-jerome-powell-federal-reserve-tariffs\/\" data-invalid-url-rewritten-http=\"\">lowest level<\/a><\/span>\u00a0in three years on Monday, while the yield on the 10-year Treasury continued to climb, rising to 4.43% overnight before landing at 4.39% in the morning. Both the dollar index and yields on Treasury notes are key indicators of how much faith investors have in the economy.<\/p>\n<p class=\"content__meta--contributors\">\n      <em><\/p>\n<p>                      <span class=\"byline__author__text\">The Associated  Press<\/span><\/p>\n<p>        contributed to this report.<br \/>\n      <\/em>\n    <\/p>\n<p>    <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation \">\n<p><h3 class=\"component__title\">More from CBS News<\/h3>\n<\/p>\n<\/aside>\n<p>    <!-- tags --><\/p>\n<div class=\"content-author\">\n      <a href=\"https:\/\/www.cbsnews.com\/team\/mary-cunningham\/\" class=\"content-author__name\" data-invalid-url-rewritten-http=\"\">Mary  Cunningham<\/a><\/p>\n<div class=\"content-author__bio\">\n<div class=\"content-author__full-information\">\n<p class=\"content-author__text\">Mary Cunningham is a reporter for CBS MoneyWatch. Before joining the business and finance vertical, she worked at &#8220;60 Minutes&#8221;, CBSNews.com, and CBS News 24\/7 as part of the CBS News Associate Program.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/dow-sp-500-nasdaq-futures-up-trump-powell\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stocks are on track to open higher after sliding sharply on Monday following President Trump&#8217;s latest attack on Federal Reserve<\/p>\n","protected":false},"author":1,"featured_media":20324,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[],"class_list":["post-20323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock futures edge a day after Trump attack on Powell triggers major sell-off - World News<\/title>\n<meta name=\"description\" content=\"Dow, S&amp;amp;P 500, Nasdaq futures were on an upward trajectory after stocks dipped on Monday.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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