Stock market today: Dow, S&P 500, Nasdaq slide on threat to Fed as DOJ begins criminal probe of Powell
Yahoo Finance·2026-01-12 00:16

US stocks slid on Monday, pulling back from records amid concerns over Federal Reserve independence after US prosecutors opened a criminal investigation into Chair Jerome Powell. The Dow Jones Industrial Average (^DJI) sank 0.8%, while the S&P 500 (^GSPC) fell 0.3%. The tech-heavy Nasdaq Composite (^IXIC) also dropped around 0.2% on the heels of all-time closing highs for Wall Street stocks. Rattled markets are turning their backs on US assets after Powell said the Justice Department has subpoenaed the ...