New York, NY – Stock futures showed a positive trend early Tuesday following a turbulent day on Wall Street, where President Donald Trump’s criticisms of Federal Reserve Chair Jerome Powell added to market uncertainty.
Futures linked to the Dow Jones Industrial Average were up by 149 points, or 0.39%, while S&P 500 futures and Nasdaq 100 futures both showed gains of around 0.5%.
The previous day witnessed a significant sell-off, with the Dow falling over 970 points during regular trading hours, and the S&P 500 and Nasdaq Composite also experiencing losses exceeding 2%. This marked the fourth consecutive day of losses for both the Dow and Nasdaq.
Investor confidence was further shaken as Trump took to Truth Social to express concerns that the economy would slow down if the Fed did not reduce interest rates. His public criticism of Powell included calling him “Mr. Too Late” and a “major loser.”
Trump had hinted at the possibility of Powell’s dismissal the week before, a move that his economic advisor Kevin Hassett confirmed was being considered by the administration. Powell, however, has maintained that he cannot be removed from his position before his term ends in May 2026.
The recent market volatility comes in the wake of Trump’s announcement of proposed tariffs, which have had a detrimental impact on financial markets. Since the unveiling of the tariffs on April 2, the major stock indexes have all seen declines of over 9%.
Analysts like Larry Tentarelli, founder of the Blue Chip Daily Trend Report, have noted the growing uncertainty surrounding trade policies and the economy, exacerbated by the ongoing conflict between Trump and Powell.
Investors will be closely monitoring manufacturing survey results from the Richmond Fed on Tuesday morning. Additionally, several Fed officials are scheduled to deliver speeches throughout the day, providing further insight into the central bank’s outlook.
Lockheed Martin is set to report earnings before the market opens, with attention then turning to Tesla’s eagerly awaited quarterly financial release after the close of trading.