The Dow Jones index drops 0.12% to 45,226.58 points. Boeing, with an increase of 1.28%, is the most bullish value, while the falls are leaded by Chevron (-0.68%). The S&P 500 also yields a light 0.07%, at 6,435.06 points, while NASDAQ drops 0.04% to 21,441.63 points.
Wall Street comes from a loss session on Monday, with investors collecting profits after Friday’s strong rebound. The Dow Jones, composed of 30 shares, fell 349 points, or 0.8%, while the S&P 500 fell 0.4%. The Nasdaq, with a strong technological component, fell 0.2%, having previously risen in the session thanks to Nvidia.
Today investors are nervous after Yesterday the president of the United States, Donald Trump, announced the dismissal of the governor of the Federal Reserve, Lisa Cook. «For the present, he is dismissed from his position at the Board of Governors of the Federal Reserve, with immediate effect,» he announced in a letter addressed to Cook and disseminated in his Social Truth account.
Trump has justified his decision because «his deceptive and potentially criminal behavior in a financial matter» prevents both him and Americans «having confidence in his integrity.» «At least, the behavior in question demonstrates serious negligence in financial transactions that question its competence and reliability as a financial regulator,» he defended.
The unprecedented measure of Trump reinforces the pressure that the president has been exerting on the independence of the Central Bank. By law, a president can only dismiss a governor of the Fed «with justified cause.» Therefore, The matter may be challenged in court.
There are currently six members on the Board of Directors of the Fed, with a vacant position after Adriana Kugler’s resignation earlier this month. Dismissing Cook would leave five members, and those designated not by Trump would still maintain the majority. However, if Stephen Miran is authorized to cover Kugler’s vacancy and the president manages to dismiss Cook, Trump would get a majority of 4-3. If the president of the Federal Reserve, Jerome Powell, leaves his position voluntarily after the expiration of his mandate in May, would grant him a fifth vote.
“The main risk for markets is that this apparently arbitrary decision, question the future independence of an organism like the Fedsubtracting credibility from your decisions, ”he warns Juan J. Fernández-Figares, from Link Management.
However, «Trump has already appointed the majority of the governors of the Federal Reserve, without modifying their political independence. If the dismissal survives in the courts, the Senate must confirm their successor. The presidents of the Federal Reserve still have a voice and vote in the policies. Trust in these controls could limit the negative reaction of the market, «Matizes Paul Donovan, Chief Economist of UBS Global Wealth Management.
This Tuesday’s macroeconomic agenda is also relevant. Investors have already known the requests for lasting goods: as announced by the Department of Commerce, The evolution index of the orders for lasting goods in the US fell 2.8% in July compared to the previous month. Investors had expected a 4% drop after 9.4% drop in June.
While, The price of housing in the US fell 0.2% in intermensual terms in Juneaccording to the data of the Federal Housing Financing Agency (FHFA). The May data was reviewed up, from -0.2% to -0.1%.
Throughout the session, the consumer confidence index of the Board Conference and the manufacturing index of the Richmond Federal Reserve will also be known.
In the business field, the season of results of the second quarter gives its latest pumps. With almost 95% of the companies of the S&P 500 having already published their accounts, The average increase of benefit per share is 12.9%, compared to 5.8% expected before the publication of the first company. According to the calculations of Bankinter analysts, 80% of the companies beat results, disappoint 16% and the remaining 4% is in line with the expected. In the first quarter, the benefit per share increased by 13.6%, compared to the 6.7% expected before the publication of the first company.
All eyes are put in Nvidia, which will present its quarterly results on Wednesday 27 at the close of the market. Analysts expect that the most valuable company in the world put an income of 45.8 billion dollars for the second quarter, which represents an interannual growth of 52.4%, which represents a significant slowdown with respect to the previous quarters. Nvidia forecasts suggest revenues between 44,100 and 45.9 billion dollars. Meanwhile, the market provides that the benefit (GAAP) be 23.2 billion dollars, which represents a growth of 39.6% compared to the previous year.
In the pharmaceutical sector, Eli Lilly moves with advances of 2.9% in the New York morning after The company’s weight loss pill, orforglipron, has exceeded another advanced phase clinical trial. The highest dose of the pill helped patients lose 10.5% of their average weight in 72 weeks, compared to a weight loss of only 2.2% in the placebo group.
Echostar shares shoot more than 82% after the company has announced that AT&T will buy Its spectrum licenses for 23,000 million dollars. «This acquisition reinforces and expands our spectrum portfolio, while improving customer experience with 5G wireless technology and residential internet in even more markets,» said John Stankey, executive director of AT&T, in a statement. The agreement is expected to be closed in mid -2026.
The actions of Interactive Brokers Group rise almost 3% in the opening, after the S&P Dow Jones Indes has announced that the online investment platform will join the S&P 500. Interactive Brokers will replace Walgreens Boots Alliance in the index. The changes will come into force before the opening of the market on Thursday, August 28. On the other hand, the actions of its competitor Robinhood Markets fall slightly, 0.4%, after being discarded.
Wolfspeed records advances of 0.7% after beating market expectations with revenues of 197 million euros. However, it recorded losses of $ 0.77 per share.
In raw material markets, oil prices fall this Tuesday after the US president, Donald Trump, warned of “very severe” sanctions against Russia if it does not reach an agreement with Ukraine, which increases the fear of broader economic consequences and a lower energy demand. In addition, the US prepares to impose strong tariffs on India for its Russian oil purchases. The Trump administration initially announced a 25% tariff to Indian imports within the framework of reciprocal commercial measures, which subsequently increased to 50%. The regulation will enter into force tomorrow, August 27.
The futures of the American West Texas fall 1.57% to $ 63.79 per barrel, while the International Reference Brent oil falls 1.39%, at 67.28 dollars.
Today the euro rises 0.23% against the US dollar until leaving the exchange rate at $ 1,1644 for each single currency in an environment in which the green ticket is affected by Trump’s attacks on the Fed.
This situation in fixed income is also reflected, with the profitability of the US bonus at ten years rising to 4,298%. The two -year bonus pays 3,809%.