Stock market today: Dow, S&P 500 eke out records, gold soars after Trump amps up fight with Fed, Powell
Market Intelligence Analysis
AI-PoweredThe US stock market, represented by the Dow and S&P 500, reached new records despite the escalating tensions between the White House and the Federal Reserve. The conflict escalated after Fed Chairman Powell suggested that the Department of Justice's actions were a pretext to pressure the Fed into cutting interest rates. Gold prices surged in response to the heightened uncertainty.
Market impact analysis based on bearish sentiment with 70% confidence.
Article Context
Powell suggested a DOJ subpoena and threats of criminal indictment are a pretext aimed at getting the Fed to cut rates.
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