Powell said the investigation rests on “pretexts,” arguing it's retaliation for the Fed’s refusal to follow the Trump's preferences on interest rates.

Treasury yields moved lower across the curve. The U.S. 2-year Treasury yield ( US2Y) fell to 3.53%, down 0.34%. The benchmark 10-year Treasury yield ( US10Y) declined to 4.17%, losing 0.26%. The 30-year Treasury yield ( US30Y) eased to 4.83%, down 0.21%.

U.S. Stock Market, S&P 500, Dow Jones, Nasdaq predictions for 2026 are out. Will President Donald Trump's decisions have a major impact on the Wall Street.

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With earnings season about to kick off, U.S. stock futures slipped Sunday, after the Dow and S&P 500 closed Friday at record highs.

At the close, the S&P 500 fell 0.19 per cent, the Dow dropped 0.8 per cent, and the Nasdaq eased 0.1 per cent.

Gift Nifty was trading around 25,757 level, a discount of nearly 34 points from the Nifty futures’ previous close, indicating a weak start for the Indian stock market indices.

Traders in the federal funds futures market continued to expect on Tuesday morning that the Federal Reserve might not cut its benchmark interest rates again until June, as they weighed fresh data showing that core inflation in the U.