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U.S. stock index futures edged lower Tuesday as markets reacted to President Donald Trump\u2019s abrupt dismissal of Federal Reserve Governor Lisa Cook<\/strong>, intensifying fears over political interference in the central bank.<\/p>\n\n\n\n At 05:55 ET (09:55 GMT), Dow Jones Futures<\/strong> fell 70 points, or 0.2%, S&P 500 Futures<\/strong> dropped 6 points, or 0.1%, and Nasdaq 100 Futures<\/strong> slipped 19 points, or 0.1%. The major indices had closed lower on Monday, with the Dow Jones Industrial Average<\/strong> down 0.8%, the S&P 500<\/strong> off 0.4%, and the NASDAQ Composite<\/strong> slipping 0.2% following Friday\u2019s strong rally.<\/p>\n\n\n\n Trump\u2019s Fed Moves Rattle Markets<\/strong> Markets are now pricing in heightened uncertainty over the Fed\u2019s independence<\/strong>, with political interference threatening to undermine confidence in U.S. monetary credibility. Cook\u2019s departure from the seven-member rate-setting board underscores the risks of a politicized Fed at a time when investors are closely watching interest-rate expectations.<\/p>\n\n\n\n Economic Data and Earnings in Focus<\/strong> Meanwhile, attention turns to Nvidia (NASDAQ: NVDA)<\/strong> ahead of Wednesday\u2019s earnings release. The AI giant is expected to report a 48% jump in EPS<\/strong> on revenue of $45.9 billion for its fiscal Q2, providing a key barometer for the tech and AI sectors. Market caution follows last week\u2019s tech sell-off amid growing doubts over the sustainability of AI-driven growth, even as S&P 500 Q2 profits track a 12.9% year-on-year increase<\/strong>, exceeding early July forecasts of 5.8%, according to LSEG IBES.<\/p>\n","protected":false},"excerpt":{"rendered":" U.S. stock index futures edged lower Tuesday as markets reacted to President Donald Trump\u2019s abrupt dismissal of Federal Reserve Governor Lisa Cook, intensifying fears over political interference in the central bank. At 05:55 ET (09:55 GMT), Dow Jones Futures fell 70 points, or 0.2%, S&P 500 Futures dropped 6 points, or 0.1%, and Nasdaq 100 …<\/p>\n","protected":false},"author":9,"featured_media":53440,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[],"class_list":["post-118092","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=118092"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118092\/revisions"}],"predecessor-version":[{"id":118093,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118092\/revisions\/118093"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53440"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=118092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=118092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=118092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Trump announced Cook\u2019s removal via social media, citing allegations of mortgage fraud raised earlier in August by the Federal Housing Finance Agency. Cook denied the claims, describing her dismissal as unlawful. The firing is the latest in a series of Trump actions perceived as attempts to influence monetary policy, following earlier efforts to pressure Fed Chair Jerome Powell<\/strong> to cut rates more aggressively.<\/p>\n\n\n\n
Investors will also digest July durable goods orders<\/strong>, consumer confidence data<\/strong>, the Case-Shiller Home Price Index<\/strong>, and the Richmond Fed Manufacturing Index<\/strong> later in the session. Richmond Fed President Thomas Barkin<\/strong> is scheduled to speak, while Thursday will bring the second estimate of Q2 GDP<\/strong> and the latest weekly jobless claims<\/strong>. HSBC economists project a revision of annualized Q2 GDP growth to 3.2%<\/strong>, up from the initial 3.0%, with consumer sentiment expected to remain subdued and durable goods orders likely showing contraction.<\/p>\n\n\n\n