US stocks fall after reports that President Trump likely to fire Fed chair Jerome Powell



U.S. stock indexes reversed course to fall on Wednesday after Bloomberg News reported that President Donald Trump was likely to fire Federal Reserve Chair Jerome Powell soon, citing a White House official.

At 11:27 a.m. ET, the Dow Jones Industrial Average fell 100.39 points, or 0.23%, to 43,922.90, the S&P 500 lost 16.14 points, or 0.26%, to 6,227.62 and the Nasdaq Composite lost 56.76 points, or 0.27%, to 20,621.04.



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