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![FirstSquawk Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::3295423333.png) First Squawk [@FirstSquawk](/creator/twitter/FirstSquawk) on x 384.4K followers
Created: 2025-07-16 15:46:50 UTC

U.S. stock indexes dropped sharply Wednesday after Bloomberg News reported that President Trump is “likely to fire” Federal Reserve Chair Jerome Powell soon, citing an unnamed White House official  

📉 Market Moves at 11:27 a.m. ET 

•Dow Jones slid XXXXX points (–0.23%) to ~43,922.9

•S&P XXX dropped XXXX points (–0.26%) to ~6,227.6

•Nasdaq Composite fell XXXX points (–0.27%) to ~20,621.0


XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945510444871127101/c:line.svg)

**Related Topics**
[nasdaq](/topic/nasdaq)
[sp500](/topic/sp500)
[dow](/topic/dow)
[white house](/topic/white-house)
[powell](/topic/powell)
[jerome powell](/topic/jerome-powell)
[federal reserve](/topic/federal-reserve)
[donald trump](/topic/donald-trump)

[Post Link](https://x.com/FirstSquawk/status/1945510444871127101)