US stock futures were steady on Tuesday after a sharp selloff in the prior session, driven by renewed concerns over the Federal Reserve's independence. On Monday, the Dow fell 0.48%, the S&P 500 dropped 2.36%, and the Nasdaq tumbled 2.55%, with all 11 S&P sectors ending lower—led by consumer discretionary, technology, and energy. Heavy losses hit megacap tech stocks, including Nvidia (-4.5%), Tesla (-5.8%), and Amazon (-3.1%). The decline followed criticism of Fed Chair Jerome Powell by President Donald Trump, who called him "Mr. Too Late, a major loser," and demanded immediate rate cuts. Trump also hinted at the possibility of removing Powell, sparking concerns over central bank autonomy. Ongoing trade tensions with China further dampened sentiment, as negotiations showed little progress. Investors now look ahead to a fresh batch of earnings reports on Tuesday, headlined by Tesla's quarterly results
Source: Trading economi
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