Trump Removes Fed Governor Lisa Cook as Markets Await Nvidia Earnings

US stock markets showed mixed reactions to President Trump's firing of Federal Reserve Governor Lisa Cook, with investors largely focused on upcoming earnings and economic data. The removal of Cook raised concerns about the Fed's independence and monetary policy direction, especially with Trump's calls for lower interest rates, though markets have so far absorbed the news without major disruption. Nvidia's highly anticipated earnings report is seen as a critical indicator for the AI sector and broader market trends, while other tech and healthcare stocks like Eli Lilly and Advanced Micro Devices experienced gains. Treasury yields rose amid uncertainty, reflecting tension over potential politicization of the Fed, while investors awaited key inflation and jobs reports that could influence expectations for interest rate cuts. Trump's trade rhetoric, including threats of tariffs on rare-earth magnets and potential equity stakes in defense contractors, added to geopolitical and policy uncertainties impacting market sentiment. Overall, despite political and regulatory turbulence, market momentum remains linked to innovation, earnings results, and economic resilience.