LIVE: Markets react after Trump escalates attack on Fed independence

Market Reaction & Federal Reserve Independence - U S markets are reacting to President Trump's removal of Federal Reserve Governor Lisa Cook [1] - The move is seen as an escalation of Trump's attack on the Fed's independence, which is protected by law, allowing removal only "for cause" [1] - The legality of the removal may be challenged in court [1] Market Performance - Wall Street experienced a losing session on Monday, with investors taking profits after a rally on Friday [1] - The Dow Jones Industrial Average (DJIA) declined by 349 points, equivalent to a 08% decrease [1] - The S&P 500 Index decreased by 04% [1] - The Nasdaq Composite Index decreased by 02%, despite an earlier rise driven by Nvidia [1]