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

Stocks and Investing Stocks and Investing

Fri, April 18, 2025

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[ Thu, Apr 17th ] - CNN

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

^{Published on 2025-04-17 22:20:59 - CNN}

US stocks were mixed Thursday as President Donald Trump touted trade deal progress with Europe and China and investors digested a threat from the president to fire Federal Reserve Chair Jerome Powell.

Stocks experienced a volatile trading day, ultimately closing with mixed results after former President Donald Trump called for the ousting of Federal Reserve Chair Jerome Powell. The S&P 500 ended the day down 0.1%, the Dow Jones Industrial Average fell 0.2%, while the Nasdaq Composite saw a slight gain of 0.3%. Trump's criticism of Powell, accusing him of being "political" and not doing enough to combat inflation, added to market uncertainty. This came amidst ongoing concerns about the Federal Reserve's interest rate hikes and their impact on the economy, as well as anticipation for upcoming economic data releases, including the personal consumption expenditures price index.

Read the Full CNN Article at:
[ https://www.msn.com/en-us/money/markets/stocks-close-out-choppy-day-after-trump-calls-for-ousting-fed-chair-powell/ar-AA1D73f0 ]

N@N

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