
Dow Jones & Nasdaq 100 Futures Drop as Powell Announces DOJ Investigation into the Fed
•By ADMIN
U.S. stock futures weakened in Asian trading early Monday after Federal Reserve Chair Jerome Powell disclosed that the U.S. Department of Justice has launched a criminal investigation into the Federal Reserve, shaking market confidence and triggering selling pressure in major equity index futures. Traders reacted by pushing the Dow Jones and Nasdaq 100 E‑mini futures lower as risk appetite faded ahead of the U.S. market open.
The backdrop included falling 10‑year Japanese Government Bond (JGB) yields and a softer Japanese yen, which boosted carry trades and helped cushion some downside risk in U.S. equity futures.
Despite the early declines, market participants remain optimistic about corporate earnings, hopes for future Federal Reserve interest rate cuts, and strong U.S. economic growth supporting a bullish medium‑term outlook for stocks. Fed speakers and upcoming inflation data are expected to further influence market direction this week.
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