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Stock impact report

‘Sell America' returns to Wall Street after Trump ups the ante against Jerome Powell and the Fed [CNN]

Evercore Inc. Class A (EVR) 
Last evercore inc. class a earnings: 4/22 06:00 am Check Earnings Report
Company Research Source: CNN
Stock futures traded lower Monday morning. Dow futures were down 350 points, or 0.7%. S&P 500 futures fell 0.6%. Futures tied to the Nasdaq were 0.9% lower. The US dollar weakened against other major currencies. The dollar index, which tracks the dollar's strength against six major currencies, was down 0.4% – a sharp move for the greenback. Treasuries fell somewhat, too. The benchmark 10-year yield, which trades in opposite direction to prices, rose to just under 4.2%, near a one-month high. Bond yields' move higher suggests the Trump administration's action against the Fed could backfire, and rates may not start sinking as the president has demanded. Federal Reserve independence is considered a cornerstone of what makes US financial markets exceptional. Investors, economists and historians all regard an independent central bank as key to stable financial markets, as policymakers can set monetary policy without regard to political interests. The Trump administration embarked Show less Read more
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