Zee Business Video Team |
Updated: August 8, 2025 08:54 AM IST
The US stock markets ended on a mixed note after a strong opening on Wednesday. The Dow Jones dropped by 525 points from its intraday high, while the Nasdaq Composite lost about 170 points. Market sentiment weakened following reports suggesting that Christopher Waller, known for his hawkish stance, is being considered as the next Federal Reserve Chairman, replacing Jerome Powell. The uncertainty surrounding the Fed’s leadership transition triggered investor concerns over future monetary policy tightening. Additionally, political developments related to Donald Trump ahead of the US elections added to the volatility. Technology stocks were hit the hardest, dragging the indices down. S&P 500 also closed slightly lower. Analysts believe any aggressive move in Fed leadership could fuel further market instability. Investors are now closely watching the upcoming Fed announcements and key economic data. Keywords: US Market Update, Dow Jones, Nasdaq, Fed Chair News, Christopher Waller, Jerome Powell, Trump Market Impact.
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