financetom
Market
financetom
/
Market
/
Wall Street falls at open on worries over Fed autonomy
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Wall Street falls at open on worries over Fed autonomy
Mar 11, 2026 12:24 AM

Jan 12 (Reuters) - Wall Street's main indexes opened lower on Monday after ‌the Trump administration renewed ​its attacks on ‍the Federal Reserve, ⁠stoking ⁠fresh worries about the ‌central bank's ​independence, while a proposed one-year ⁠cap on ‍credit-card ​interest rates weighed on financial stocks.

The Dow ‍Jones Industrial Average fell 4.4 points, or 0.01%, at the open ​to ‍49499.67. The S&P 500 fell 22.2 ​points, or 0.32%, to 6944.12, while the Nasdaq Composite dropped 94.5 points, or ​0.40%, to 23576.877.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Energy Stocks Advance Pre-Bell Tuesday
Sector Update: Energy Stocks Advance Pre-Bell Tuesday
Mar 11, 2025
09:20 AM EDT, 03/11/2025 (MT Newswires) -- Energy stocks advanced pre-bell Tuesday, with The Energy Select Sector SPDR Fund ( XLE ) up 0.5%. The United States Oil Fund ( USO ) and United States Natural Gas Fund ( UNG ) were 1.3% higher. Front-month US West Texas Intermediate crude oil was up 1% at $66.71 per barrel at the...
Gold Trades Higher as Dollar Falls to Five-Month Low
Gold Trades Higher as Dollar Falls to Five-Month Low
Mar 11, 2025
09:18 AM EDT, 03/11/2025 (MT Newswires) -- Gold traded higher early on Tuesday following two losing sessions as the dollar dropped to a five-month low. Gold for April delivery was last seen up US$21.90 to US$2,921.30 per ounce. The price of the metal remains near its Feb. 24 record high of US$2,963.20, supported by safe-haven buying amid a slowing U.S....
Rouble hits over six-month high after Ukraine pummels Moscow with drones
Rouble hits over six-month high after Ukraine pummels Moscow with drones
Mar 11, 2025
March 11 (Reuters) - The Russian rouble strengthened to a more than six-week high against the dollar on Tuesday, buoyed by subdued imports and hopes for a resolution to the war in Ukraine, even after Kyiv launched its biggest drone attack on Moscow. Ukraine's attack, in which at least 91 drones targeted the Russian capital, sparked fires, closed airports and...
Sector Update: Health Care Stocks Mixed Premarket Tuesday
Sector Update: Health Care Stocks Mixed Premarket Tuesday
Mar 11, 2025
09:15 AM EDT, 03/11/2025 (MT Newswires) -- Health care stocks were mixed premarket Tuesday with the iShares Biotechnology ETF (IBB) down 0.1% and the Health Care Select Sector SPDR Fund ( XLV ) recently up 0.1%. Arvinas ( ARVN ) and Pfizer ( PFE ) said a phase 3 clinical trial of vepdegestrant monotherapy as an investigational treatment for advanced...
Copyright 2023-2026 - www.financetom.com All Rights Reserved