Stock market today: Dow, S&P 500, Nasdaq slide after Trump picks Warsh for Fed; gold, silver plunge

What we drew from this source

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• The market perception is that Kevin Warsh would be the relatively more traditional and less dovish option as Fed chair, in which case we might see fewer rate cuts

  80% confidence

• The Fed should view tariffs as one-off price changes

  80% confidence

• Consumer credit health remained strong

  80% confidence

• Warsh thinks you have to lower interest rates

  80% confidence

• The global memory shortage would hit future margins

  80% confidence

• Our transformation is delivering a more resilient, lower-cost, technology-led business with structurally stronger earnings power

  80% confidence

• Canada has used certification hurdles to effectively ban the sale of US Gulfstream jets

  80% confidence

• The Fed should discard its forecast of stagflation

  80% confidence

• The higher metals rise, the more likely 2026 will mark enduring price peaks — notably for silver — if history is a guide

  80% confidence

• Jerome Powell made unwise choices, such as missing the persistence of post-pandemic inflation

  80% confidence

• ExxonMobil is a fundamentally stronger company than it was just a few years ago, and our 2025 results demonstrate that

  80% confidence

• The problem is volatility feeding on itself. As price swings intensify, liquidity thins

  80% confidence

• This quarter's performance underscores our agility in capitalizing on better product mix, accelerating enterprise SSD deployments, and strengthening market demand dynamics

  80% confidence

• Gold's move validates the cautionary tale of fast-up, fast-down. A correction was overdue

  80% confidence

• Inflation is caused when the government spends too much and prints too much money, not when the economy grows too fast and workers get paid too much

  80% confidence

• AI will be a significant force that will boost productivity and push down inflation

  80% confidence

• The continued surge across metals, especially gold and silver, is entering a dangerous phase

  80% confidence

• The move of corporate insiders has proven to be a powerful signal on forward returns of stocks. Executives are seeing risks and using this as an opportunity to harvest gains, which investors should take note of

  80% confidence

• Kevin Warsh will go down as one of the GREAT Fed Chairmen, maybe the best

  80% confidence

• When prices rise as rapidly as they have in the metals, deficits can shift fast

  80% confidence

Cited in these Via News reports

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