Stocks fell sharply following Trump’s comments on Jerome Powell. The Dow Jones dropped 2.4%, the S&P 500 decreased over 2.5%, and the Nasdaq fell nearly 2.9%. Guha emphasizes the importance of Powell finishing his term to stabilize inflation expectations.
The volatile week ahead includes significant companies like Tesla and Alphabet reporting earnings, amid ongoing tariff negotiations. Investors are attentively awaiting President Trump’s remarks which may influence buying behavior based on the outcomes of these discussions.
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