Live Nasdaq Composite: Stocks Stumble on Fed Fallout as Investors Flee Equities

This article will be updated throughout the day, so check back often for more daily updates. 

The markets are fixated on the escalated tensions between the White House and the Federal Reserve, with stocks kicking off the week under pressure. All three of the major stock market averages are lower this morning, including a modest decline in the Nasdaq Composite. Precious metals have taken their cue, with the spot gold price rising to its latest fresh all-time high above $4,600 per ounce amid a weaker U.S. dollar and rising Treasury yields.

With interest rate cuts coming at a snail’s pace, the DOJ has begun a criminal probe into the Federal Reserve on monetary policy decisions, an investigation that has put Chairman Jerome Powell on defense. President Trump maintains he had zero knowledge of the probe while Powell asserts he will not be intimated as names of his potential replacement continue to swirl. In response, JPMorgan has issued a warning, urging caution on U.S. equities

Here’s a look at where things stand as of morning trading:

Dow Jones Industrial Average: 49,096.26 Down 382.79 (-0.77%)
Nasdaq Composite: 23,650.95 Down 20.39 (-0.09%)
S&P 500: 6,948.33 Down 17.95 (-0.26%)

Market Movers

SoundHound AI (Nasdaq: SOUN) is rising 4% today to above $12 per share as the stock continues its volatile run. H.C. Wainwright analysts have reemphasized their “buy” rating on the stock with a price target of $26 per share, suggesting there’s runway for more than a doubling of the share price.

DA Davidson analysts remain bullish on Nvidia (Nasdaq: NVDA) stock for its competitive position relative to industry peers.

President Trump has touted Meta Platforms (Nasdaq; META) decision to name former White House official Dina Powell as president of the social media giant.

Online betting platform Kalshi places pretty good odds of 80% that SpaceX company will pursue an IPO, adding yet another of Elon Musk’s companies to the publicly traded markets.