US stock market rebounds after Trump criticizes Fed; Bitcoin surges to $90K
- Trump presses Powell to cut Fed rates
- Dow Jones, SP 500 futures rebound
- Bitcoin breaks away from stocks and rises to $90
The main futures indexes in the United States registered an increase on Tuesday (22), after a turbulent start to the week on Wall Street, caused by statements former President Donald Trump. Dow Jones futures rose 0,8%, the SP 500 gained 0,7% and the Nasdaq gained 0,8%.
Markets reacted negatively on Monday after Trump publicly criticized Federal Reserve Chairman Jerome Powell, saying the U.S. economy would slow if he did not cut interest rates. Trump referred to Powell as “Mr. Too Late” and “a big loser,” deepening the friction with the central bank.
In addition to political instability, investors remain attentive to the effects of trade tariffs promoted by Trump and the performance of big techs, which have been affected by increased competition in the artificial intelligence sector.
Another cause for concern was the decline in the US Dollar Index, which fell by about 1% to its lowest level in three years. On the other hand, yields on 10-year Treasury bonds rose five basis points to 4,4%, reflecting greater caution in the market.
Meanwhile, Bitcoin appears to be following a different path from the traditional market. The largest cryptocurrency has risen in recent days, breaking through the $83 range and is currently trading close to $90, in a movement that has been decoupled from the SP 500, as analysts have observed.
Also in economic news, the United States signaled progress on a possible trade deal with India. Vice President JD Vance met with Indian Prime Minister Narendra Modi, seeking to strengthen bilateral relations amid global trade tensions.
Investors are also focusing on Tesla's earnings report, which will be released after the market closes. The automaker's shares fell nearly 6% on Monday and are set to lose more than 44% by 2025, reflecting concerns about demand and the impact of Elon Musk's political actions.
Another negative highlight was Verizon, which fell 3% in pre-market trading after reporting a bigger-than-expected drop in the number of mobile subscribers in the first quarter, pressured by more aggressive promotions from competitors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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