Wall Street Rebounds Amid Earnings Focus, Fed Criticism

Wall Street rebounded Tuesday morning after a sharp selloff the previous day, as investors shifted focus to corporate earnings amid renewed political pressure on the Federal Reserve. The selloff was triggered by President Donald Trump’s escalating criticism of Fed Chair Jerome Powell for not cutting interest rates, which heightened concerns over the central bank’s independence and future policy moves. All major indexes recovered some ground, with the Dow, S&P 500, and Nasdaq futures rising nearly 1% each, fueled by optimism over anticipated strong corporate profits and key earnings reports from companies like Tesla and Lockheed Martin. Despite the rebound, market sentiment remains fragile due to ongoing worries about tariffs, potential Fed policy changes, and broader economic uncertainty. Analysts noted that while Trump’s rhetoric and hints at removing Powell have stoked volatility, some view the recent dip as a buying opportunity, especially in tech sectors. Investors are also watching upcoming Fed speeches and economic data for further clues on the direction of monetary policy.