Stock market today: Dow, S&P 500, Nasdaq futures slide on threat to Fed as DOJ begins criminal probe of Powell
US stock futures sank on Monday, pulling back from records amid concerns over Federal Reserve independence after US prosecutors opened a criminal investigation into its Chair Jerome Powell. Dow Jones Industrial Average futures (YM=F) sank 0.7%, while S&P 500 futures (ES=F) fell 0.6%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) led the way lower, dropping roughly 0.9% on the heels of all-time closing highs for Wall Street stocks. Rattled markets are turning their backs on US assets after Powell said th ...