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Wall St opens lower after Trump picks Fed critic Warsh to succeed Powell

Written By: TDG Syndication
Last Updated: January 30, 2026 20:10:01 IST

Jan 30 (Reuters) – U.S. stocks opened lower on Friday after President Donald Trump nominated former Federal Reserve Governor Kevin Warsh to head the U.S. central bank, as traders mulled over the monetary policy path under the new Fed leadership. At 09:30 a.m. ET, the Dow Jones Industrial Average fell 146.89 points, or 0.32%, to 48,912.80, the S&P 500 lost 23.24 points, or 0.33%, to 6,945.77 and the Nasdaq Composite lost 107.88 points, or 0.43%, to 23,577.24. (Reporting by Pranav Kashyap)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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