Stock Futures Rebound After Trump’s Powell Attack Sparked Selloff
U.S. stock futures rose early Tuesday following a sharp selloff in the previous session after President Donald Trump ramped up his criticism of Federal Reserve Chair Jerome Powell.
Futures on the S&P 500 climbed 0.8%. Dow Jones Industrial Average futures were also up 0.8%, as were those tied to the Nasdaq 100 ahead of the open. All three major indexes tumbled Monday–the S&P 500 fell 2.4%, the Nasdaq Composite 2.6% and the Dow slipped 2.5%, or 972 points.
The Dow is down 9% so far this month, on track for its worst April since 1932, according to Dow Jones Market Data.