{"id":25321,"date":"2025-08-26T23:14:09","date_gmt":"2025-08-26T23:14:09","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/25321\/"},"modified":"2025-08-26T23:14:09","modified_gmt":"2025-08-26T23:14:09","slug":"sp-500-ends-higher-after-trump-attacks-fed","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/25321\/","title":{"rendered":"S&P 500 ends higher after Trump attacks Fed"},"content":{"rendered":"

The S&P 500 ended higher on Tuesday, lifted by Nvidia and Eli Lilly, while U.S. President Donald Trump<\/a>\u2018s decision to fire a central bank governor deepened concerns about the Federal Reserve\u2019s independence.<\/p>\n

Nvidia rose 1.1% ahead of its quarterly report<\/a> late on Wednesday, which will show how the world\u2019s most valuable company is faring in the crossfire of Washington and Beijing\u2019s ongoing trade war. The chipmaker\u2019s report could also fuel \u2014 or dampen \u2014 Wall Street\u2019s rally in AI-related stocks.<\/p>\n

Trump late on Monday said he was removing Fed Governor Lisa Cook<\/a> over alleged improprieties in obtaining mortgage loans, adding to concerns about the central bank\u2019s independence from politics. S&P 500 futures briefly sank before the stock market recovered as investors focused on unchanged expectations that the central bank will begin cutting interest rates in September.<\/p>\n

\u201cThe financial market community is increasingly concerned about that independence. That is a real concern over the long run. But over the short run, how much does it change the trajectory of interest rate policy in the next six to 12 months? I think the writing has already been on the wall that we get easier monetary policy in the next six to 12 months,\u201d said Bill Merz, head of Capital Market Research at U.S. Bank Wealth Management, Minneapolis.<\/p>\n

Despite lingering inflation pressures, traders have been pricing<\/a> in a 25-basis-point interest rate cut for the Fed\u2019s September policy meeting, encouraged by dovish signals<\/a> from Fed Chair Jerome Powell, data pointing to labor market weakness<\/a> and a shakeup at the central bank<\/a>.<\/p>\n

Morgan Stanley became the latest brokerage to forecast<\/a> an interest-rate cut in September, but key upcoming inflation and jobs reports could prompt investors to reassess expectations.<\/p>\n

Eli Lilly jumped almost 6% after the drugmaker said<\/a> its experimental pill cuts body weight by 10.5% in diabetes patients.<\/p>\n

The S&P 500 is trading at about 23 times expected earnings, a four-year high, heightening the risk of a selloff if Nvidia\u2019s results dent Wall Street\u2019s enthusiasm for AI-related stocks.<\/p>\n

The S&P 500 climbed 0.41% to end the session at 6,465.94 points, just short of its August 14 record-high close.<\/p>\n

The Nasdaq gained 0.44% to 21,544.27 points, while the Dow Jones Industrial Average rose 0.30% to 45,418.07 points.<\/p>\n

Seven of the 11 S&P 500 sector indexes rose, led by industrials up 1.03%, followed by a 0.76% gain in financials.<\/p>\n

Advanced Micro Devices gained 2% after Truist Securities upgraded the chip stock to \u201cbuy\u201d from \u201chold.\u201d<\/p>\n

EchoStar surged 70% to a record high after telecom giant AT&T said it has agreed to buy<\/a> certain wireless spectrum licenses from the satellite communications firm for about $23 billion.<\/p>\n

Advancing issues outnumbered falling ones within the S&P 500 by a 1.1-to-one ratio.<\/p>\n

The S&P 500 posted 21 new highs and 2 new lows; the Nasdaq recorded 120 new highs and 59 new lows.<\/p>\n

Volume on U.S. exchanges was relatively light, with 15.7 billion shares traded, compared with an average of 16.9 billion shares over the previous 20 sessions.<\/p>\n","protected":false},"excerpt":{"rendered":"The S&P 500 ended higher on Tuesday, lifted by Nvidia and Eli Lilly, while U.S. President Donald Trump\u2018s…\n","protected":false},"author":2,"featured_media":25322,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[79,18,19,17,188],"class_list":{"0":"post-25321","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-eire","10":"tag-ie","11":"tag-ireland","12":"tag-markets"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/25321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=25321"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/25321\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/25322"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=25321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=25321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=25321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}