The Nasdaq and small caps led the stock market lower Friday after President Donald Trump announced his pick to be the new chair of the Federal Reserve. Now, the latest U.S. jobs report and more Magnificent Seven earnings, including from Amazon.com (AMZN), are due. The Nasdaq composite skidded 0.9% Friday, ending below its 21-day exponential moving average but remaining clear…
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Stock Market Falls Amid Trump Fed Chair Pick, Hot Inflation; Jobs Report, Amazon Earnings Due
The Nasdaq and small caps led the stock market lower Friday after President Donald Trump announced his pick to be the new chair of the Federal Reserve. Now, the latest U.S. jobs report and more Magnificent Seven earnings, including from Amazon.com (AMZN), are due. The Nasdaq composite skidded 0.9% Friday, ending below its 21-day exponential moving average but remaining clear…