Stock indexes are up today, with the S&P 500, Dow Jones, and Nasdaq all showing gains. Trump’s criticism of the Federal Reserve has sparked concerns about Fed independence, leading to a “Sell America” sentiment. Gold and silver prices are reaching new highs, while the 10-year T-note yield is up to 4.19%.

Credit card companies and bank stocks are sliding after Trump’s statement about capping interest rates at 10%. Fed Chair Powell revealed that the Fed received grand jury subpoenas related to his congressional testimony. Expectations for upcoming economic reports and news on the Federal Reserve are in focus this week.

The market is pricing in a 5% chance of a rate cut at the upcoming FOMC meeting. Overseas markets are up, with Euro Stoxx 50 and China’s Shanghai Composite hitting new highs. Interest rates are down, with 10-year T-notes falling due to concerns about Fed independence and inflation expectations.

European government bond yields are mixed, with the Eurozone’s investor confidence index rising to a 6-month high. Swaps suggest a 1% chance of a rate hike by the ECB. US stock movers include credit card companies and banks sliding, while mining stocks are climbing. Various companies are experiencing significant gains and losses today.

Earnings reports for XCF Global Inc are expected today. Stock movements are influenced by geopolitical events, economic indicators, and company-specific news. Markets are reacting to developments in the Federal Reserve, interest rates, and global economic conditions.

Read more at Yahoo Finance: Equity Indexes Recover Early Losses as Precious Metals Reach New Record Highs