India, April 21 -- Sharply lower U.S. futures point to a gap down opening on Wall Street Monday morning. The mood is bearish following U.S. President Donald Trump's threat that Federal Reserve Chairman Jerome Powell might be removed from his post.
Rising U.S.-China trade tensions, and continued uncertainty about Trump's trade policy are also weighing on sentiment.
The Dow futures are down 1.12 percent, while the S&P futures and the Nasdaq futures are down 1.33 percent, and 1.6 percent, respectively.
White House economic adviser Kevin Hassett said on Friday that the president and his team are examining the legal feasibility of removing Powell and claimed that he had acted politically to benefit Democrats.
On Thursday, Trump blasted Powel...