Dow Jones today: 179-point drop on Fed-chair shakeup, hot PPI — what investors watch next
The Dow Jones Industrial Average dropped 179.09 points, or 0.36%, closing at 48,892.47 on Friday. The decline followed Donald Trump’s announcement of Kevin Warsh as his choice to lead the Federal Reserve, alongside inflation data coming in hotter than anticipated. The S&P 500 lost 0.43%, while the Nasdaq slid 0.94%. Despite the slip, the Dow still posted a 1.7% gain for January. “You’ve got uncertainty… new priorities, perhaps new monetary direction,” said Terry Sandven, chief equity strategist at U.S. Bank Asset Management.
