US Futures Lower as New Fed Chair Announced

2026-01-30 12:21 By Joana Taborda 1 min. read

US futures stayed in the red on Friday, with S&P 500 contracts down 0.4%, Nasdaq 100 off 0.5%, and Dow Jones futures losing 150 points, following President Trump’s nomination of Kevin Warsh to succeed Jerome Powell as Fed chair, in line with earlier indications.

Markets view Warsh as a more hawkish pick who would support lower interest rates, though less aggressively than other potential candidates.

Investors also digested corporate updates.

Apple slipped 0.5% in premarket trading despite strong quarterly results and higher iPhone sales, while Visa dropped 1% despite beating earnings and revenue estimates.

Energy stocks retreated, with ExxonMobil down 1.4% and Chevron off 0.3%, while American Express lost 2.3% following an earnings miss.

Verizon rose 2.4% after reporting stronger-than-expected results.

Despite Friday’s losses, the three major averages posted solid gains for the first month of the year, with the S&P 500 up 1.8%, the Dow Jones rising 2.1%, and the Nasdaq adding 1.9%.



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