1. Dow to fall, Trump’s Fed picks on Capitol Hill, Tesla to issue more stock
Trader Michael Urkonis works on the floor of the New York Stock Exchange, January 28, 2020.
Bryan R Smith | Reuters
U.S. stock futuresdeclines at Thursday’s open, with Wall Street set to give back a large chunk of the prior session’s strong gains. The , and closed at record highs Wednesday. After two days of testimony by Federal Reserve Chairman on Capitol Hill, the Senate Banking Committee for President ‘s two picks to the Fed’s board of governors. Central bank critic Judy Shelton is likely to get more attention than fellow nominee Christopher Waller. The government said Thursday that just half the monthly inflation increase that had been expected.
Meanwhile,shares, after surging recently, were under some pressure in the premarket Thursday after the electric auto maker CEO will buy as much as $10 million worth of stock in…