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Stock impact report

Stocks fall on Wall Street after Powell says Trump trying to undermine the Fed's independence [Globe and Mail, The (Toronto, Canada)]

Capital One Financial Corporation (COF) 
Last capital one financial corporation earnings: 4/23 04:05 pm Check Earnings Report
bank with subpoenas and threatened it with a criminal indictment over his testimony about the Fed's building renovations. The S&P 500 fell 0.3% in early trading Monday. The Dow Jones Industrial Average lost 384 points, or 0.8%, and the Nasdaq composite fell 0.2%. Powell characterized the threat of criminal charges as pretexts to undermine the Fed's independence in setting interest rates, its main tool for fighting inflation. The threat is the latest escalation in President Donald Trump's feud with the Fed. THIS IS A BREAKING NEWS UPDATE. AP's earlier story follows below. U.S. futures sank Monday after Federal Reserve Chair Jerome Powell said the Department of Justice had served the central bank with subpoenas and threatened it with a criminal indictment over his testimony about the Fed's building renovations. Futures for the S&P 500 declined 0.5% before the opening bell, while futures for the Dow Jones Industrial Average fell 0.7%. Nasdaq futures slid 0.8%. The threat of a cri Show less Read more
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