On January 30th President Donald Trump picked Kevin Warsh to lead the Federal Reserve.

Kevin Warsh checks a long list of boxes for President Donald Trump as his pick to run the Federal Reserve, with longstanding political and social ties to the president, deep Wall Street ​connections a...

According to preliminary data, the S&P 500 (.SPX) lost 30.03 points, or 0.43%, to end at 6,938.98 points, while the Nasdaq Composite (.IXIC) lost 223.59 points, or 0.94%, to ‌23,461.53.