The S&P 500 saved itself from today's Fed fatigue but finished well off session highs, as investor optimism dulled amid interest rate and tariff uncertainty.
Wall Street saw a rebound in risk appetite on Thursday ahead of the long Easter weekend, as President Donald Trump signaled positive momentum in trade negotiations.
Warren, who serves as the ranking member of the Senate Banking Committee, argued that the stability of the financial markets depends on maintaining the independence of institutions like the Federal Reserve ,in an interview with CNBC.
The central bank acknowledged that the euro area economy has been building up some resilience against global shocks, but the growth outlook has deteriorated due to rising trade tensions.
While Dow Jones futures were down by 1.2% at the time of writing, the S&P 500 futures gained 0.5%, while the tech-heavy Nasdaq 100’s futures were up 0.7%.
In a groundbreaking move, California has launched a lawsuit against President Donald Trump, seeking to put an end to his extensive tariff regime, which the state feels is being illegally implemented.
