Stock market today: Dow, S&P 500, Nasdaq futures hold steady after Trump escalates tensions with Fed

US stock futures traded flat after a bruising day on Wall Street, marked by renewed criticism of Federal Reserve Chair Jerome Powell by President Trump.

Futures attached to the Dow Jones Industrial Average
(YM=F)
, the benchmark S&P 500
(ES=F)
, and the tech-heavy Nasdaq Composite
(NQ=F)
dipped 0.1%.

On Monday,
stocks tanked
as Trump
took to social media
to say that the US economy would slow unless Powell cuts interest rates now, calling the Fed Chair “Mr. Too Late” and “a major loser.”

Trump’s comments escalated growing tensions between the president and the central bank. Last week, after Powell
warned on Trump’s tariffs
and reiterated the Fed would take a cautious approach to reducing rates, Trump hit back with “Powell’s termination can’t come soon enough.”

For investors trying to keep up with Trump’s
fast-moving trade policy
, the rift adds another layer of stubborn uncertainty as to where the economy could go next.

Read more: The latest on Trump’s tariffs

On Tuesday, investors’ attention will turn to
Tesla
(TSLA)
earnings
, with the EV maker set to report its results after the bell.

Tesla has been contending with signs of slumping sales and waning demand as CEO Elon Musk’s role in the White House rattles its brand. Tesla shares fell nearly 6% on Monday and are down nearly 44% this year.