Futures for S&P 500 and Nasdaq 100 are down as investors await President Trump’s Fed chair nominee announcement. Kevin Warsh is expected to be nominated, causing concerns about interest rate cuts. Wall Street saw mixed results yesterday, with Microsoft, Las Vegas Sands, and United Rentals experiencing losses, while Meta Platforms gained. U.S. economic data showed a decrease in jobless claims, steady nonfarm productivity, widened trade deficit, and increased factory orders. Trump and Senate Democrats have agreed to avoid a government shutdown. Tariff threats against Canada and Cuba were also made. Today, focus is on U.S. PPI and corporate earnings reports.

Read more at Barchart: Stock Index Futures Slip as Next Fed Chair Nomination Looms