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Wall St opens lower after Trump picks Fed critic Warsh to succeed Powell

By Thomson Reuters Jan 30, 2026 | 8:35 AM

Jan 30 (Reuters) – U.S. stocks opened lower on ‍Friday after President Donald Trump nominated former Federal Reserve Governor ‌Kevin Warsh ‌to head the U.S. central bank, as traders mulled over ​the monetary policy path ‍under ​the new Fed ​leadership.

At 09:30 a.m. ‍ET, the Dow Jones Industrial Average fell 146.89 points, or ‍0.32%, to 48,912.80, the S&P 500 ‍lost ‍23.24 points, ​or 0.33%, ​to ⁠6,945.77 and the ‌Nasdaq Composite lost 107.88 points, or 0.43%, to 23,577.24.

(Reporting by Pranav ⁠Kashyap)