U.S. stocks fall as markets assess Trump's Fed chair pick

NAMPA / Xinhua
2026-01-31
NEW YORK, Jan. 30 (Xinhua) -- U.S. stocks ended lower on Friday as investors evaluated U.S. President Donald Trump's nomination of former Federal Reserve Governor Kevin Warsh to succeed Jerome Powell as the next Fed chair. The Dow Jones Industrial Average fell by 179.09 points, or 0.36 percent, to 48,892.47. The S&P 500 sank 29.98 points, or 0.43 percent, to 6,939.03. The Nasdaq Composite Index dropped 223.31 points, or 0.94 percent, to 23,461......
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NKURENKURU, 30 January 2026 - The Kavango West Region on Friday commemorated International Leprosy Day under the theme "Leprosy is curable. The real challenge is stigma." (Photo by: Lylie Joel) NAMPA

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OTJIWARONGO, 30 January 2026 - Otjozondjupa Education Director, Gerhard Ndafenongo, speaks at the 2026 annual education conference at Otjiwarongo. (Photo by: Mulisa Simiyasa) NAMPA

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OTJIWARONGO, 30 January 2026 - Otjozondjupa Education Director, Gerhard Ndafenongo, speaks at the 2026 annual education conference at Otjiwarongo. (Photo by: Mulisa Simiyasa) NAMPA

OTJIWARONGO, 30 January 2026 - Otjozondjupa Education Director, Gerhard Ndafenongo, speaks at the 2026 annual education conference at Otjiwarongo. (Photo by: Mulisa Simiyasa) NAMPA

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WINDHOEK, 30 January 2026 - Deputy Governor of the Bank of Namibia (BoN), Leonie Dunn. (Photo by: Molly Weyulu) NAMPA

WINDHOEK, 30 January 2026 - Deputy Governor of the Bank of Namibia (BoN), Leonie Dunn. (Photo by: Molly Weyulu) NAMPA

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WINDHOEK, 30 January 2026 - Prime Minister Elijah Ngurare addressed learners at Hochland High School on Thursday. (Photo: Contributed)

WINDHOEK, 30 January 2026 - Prime Minister Elijah Ngurare addressed learners at Hochland High School on Thursday. (Photo: Contributed)

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