Stock Market Today: S&P 500, Dow Futures Decline Amid Kevin Warsh's Fed Chair Nomination—Walt Disney, Strategy, GameStop In Focus
Benzinga
2026-02-02
Views 4.8K
Read More: https://bit.ly/4c51Gnu
U.S. stock futures fell on Monday following Friday’s declines. Futures of major benchmark indices were lower.
President Donald Trump‘s nomination of Kevin Warsh to lead the Federal Reserve was followed by a sharp sell-off in Friday’s session.
Precious metals Gold and Silver also saw a sharp drop in their prices after a record-breaking rally in January.
Meanwhile, the 10-year Treasury bond yielded 4.22%, and the two-year bond was at 3.52%. The CME Group's FedWatch tool‘s projections show markets pricing an 85.1% likelihood of the Federal Reserve leaving the current interest rates unchanged in March.
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were lower in premarket on Monday. The SPY was down 0.61% at $687.75, while the QQQ declined 0.85% to $616.57.
U.S. stock futures fell on Monday following Friday’s declines. Futures of major benchmark indices were lower.
President Donald Trump‘s nomination of Kevin Warsh to lead the Federal Reserve was followed by a sharp sell-off in Friday’s session.
Precious metals Gold and Silver also saw a sharp drop in their prices after a record-breaking rally in January.
Meanwhile, the 10-year Treasury bond yielded 4.22%, and the two-year bond was at 3.52%. The CME Group's FedWatch tool‘s projections show markets pricing an 85.1% likelihood of the Federal Reserve leaving the current interest rates unchanged in March.
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were lower in premarket on Monday. The SPY was down 0.61% at $687.75, while the QQQ declined 0.85% to $616.57.
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