Dow Plunges Below 26,000 after Donald Trump Bashes Fed
0
The Dow and broader U.S. stock market gave up early gains Monday, as investors digested President Donald Trump’s latest criticism of the ‘gentleman who loves quantitative tightening,’ a direct reference to Federal Reserve Chairman Jerome Powell. Dow Weakens; S&P 500 and Nasdaq Follow All of Wall Street’s major indexes backed off session highs mid-morning, with the Dow giving up triple-digit gains that reflected a strong pre-market session for U.S. stock futures. The Dow Jones Industrial Average was last down 60 points, or 0.2%, to 25,965.55. UnitedHealth Group Inc. (UNH) was the Dow’s weakest link, falling 2.3%. Shares of McDonald’s Corp
The post Dow Plunges Below 26,000 after Donald Trump Bashes Fed appeared first on CCN