US Futures Lower as New Fed Chair Announced

EthereumCraftsman · 2026-01-30T12:25:33+00:00

US futures fell on Friday, with key indices down as President Trump nominated Kevin Warsh for Fed chair. Despite strong corporate results from Apple and Visa, stocks faced declines, while Verizon saw gains from better-than-expected performance.

EthereumCraftsman

2026-01-30 12:25:33

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US futures fell on Friday, with S&P 500 contracts down 0.4%, Nasdaq 100 off 0.5%, and Dow Jones futures losing 150 points, extending early losses after President Trump nominated Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, in line with earlier signals. Markets view Warsh as a more hawkish pick who would support lower interest rates, though less aggressively than other potential candidates. Investors also digested corporate updates. Apple slipped 0.5% in premarket trading despite strong quarterly results and higher iPhone sales, while Visa dropped 1% despite beating earnings and revenue estimates. Amazon fell 0.8% amid talks to invest up to $50 billion in OpenAI. Energy stocks retreated, with ExxonMobil down 1.4% and Chevron off 0.3%, while American Express lost 2.3% following an earnings miss. Verizon rose 2.4% after reporting stronger-than-expected results.

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