Why did the Dow fall today?

Stocks pulled back as markets priced higher-for-longer rates after Kevin Warsh was nominated to lead the Fed. Rising Treasury yields raised discount rates and pressured valuations, while a stronger dollar tightened financial conditions. Elevated volume and momentum near overbought levels added to the downside follow-through.

How could Kevin Warsh’s Fed impact Singapore investors?

If policy skews hawkish, higher US yields can lift local funding costs and firm the USD against SGD. That setup can weigh on Singapore REITs and high-duration stocks, while bank margins may hold up. Portfolio duration, currency hedges, and cash flow quality become key tilts during the transition.

What levels matter for the Dow right now?

Immediate resistance sits near the upper Bollinger Band at 49,496.38, with support around the middle band at 48,569.97. The index closed at 48,892.48, down 179.09 points. Watch whether 5-day momentum stays negative and whether volume remains above average, which can reinforce short-term trend strength.

What should I watch to gauge volatility ahead?

Focus on Senate confirmation headlines, any guidance on balance-sheet policy, and signals from Jerome Powell during the transition. Monitor the 10-year Treasury yield and the dollar. Sharp moves in either often spill into equities, credit spreads, and SGD conditions, shaping returns across Singapore-listed sectors.

Law and Government

^DJI Today, February 01: Dow Slips as Warsh Fed Pick Lifts Yields

ByHuzaifa Zahoor February 1, 2026February 1, 2026

Dow Jones today fell as markets priced higher-for-longer rates after Donald Trump nominated Kevin Warsh to lead the Federal Reserve. The index dropped 179 points (-0.365%) to 48,892.48, swinging between 49,047.68 and 48,459.88. Treasury yields and the US dollar firmed, adding pressure on equities. For Singapore investors, a stronger dollar and higher global rates can lift local funding costs and weigh on rate-sensitive sectors. Confirmation questions and debates over Fed independence could keep volatility elevated in coming weeks.