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Dow Drops 800 Points as Bond Yields Keep Rising
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Nasdaq Builds on Record High. Stock Futures Rise After Trump Moves to Remake the Fed.

  • August 8, 2025
  • Roubens Andy King
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Stocks looked set to tick up on Friday, as investors weighed up President Donald Trump’s move to tighten his grip on the Federal Reserve in a bid to get the central bank to favor aggressive interest rates. The three blue-chip indexes were edging higher after Trump nominated White House Council of Economic Advisers chair Stephen Miran to the Fed’s Board of Governors, to replace the departing Adriana Kugler. The move gives Trump his first chance to reshape the central bank’s leadership.

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