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were off by 0.1%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) also slipped 0.2%, after stocks pulled back from a record-setting rally on Monday.Investors are treading carefully after Trump took to social media to ramp up pressure in his Fed feud and in his trade offensive.The president said late Monday that he had determined there was "sufficient cause" to oust Cook, after the top Fed official resisted persistent demands for her resignation over allegations of mortgage fraud. Cook responded by saying Trump didn't have the authority to fire her and that she wouldn't step down.Longer-dated US bond prices fell amid concerns that Trump's moves against Fed independence and for interest-rate cuts could stoke inflation. The yields on 10-year (^TNX) and 30-year (^TYX) Treasurys rose to about 4.3% and 4.9%, respectively.On the trade front, Trump vowed to impose fresh tariffs and export curbs on chips and technology from countries that "unfairly" placed taxes on US digital services, speaking in a Monday social media post.Read more: The latest on Trump's tariffsThe reprisal risks escalating trade tensions between the US and the European Union, as the major trading partners inch toward understanding on tariffs. Wall Street is already monitoring risks in Europe as political turmoil risks collapse for France's government.Meanwhile, Wall Street is bracing for Nvidia (NVDA) earnings, which land Wednesday after the bell. Expectations for its results are sky-high, with the company's stock up almost 34% so far this year, even as restrictions on chip sales to China have possibly cost the company billions.LIVE 8 updates12 mins agoGrace O'DonnellDefense stocks steady after Lutnick says Trump admin. is thinking about taking stakes in defense contractorsDefense stocks held steady after Commerce Secretary Howard Lutnick told CNBC's Squawk Box on Tuesday that the Trump administration was thinking about taking stakes in top defense contractors after the US took a 9.9% stake in Intel (INTC).When asked about the potential for the administration to strike other deals with US companies that do business with the government, Lutnick replied: “Oh, there’s a monstrous discussion about defense.”"Lockheed Martin makes 97% of their revenue from the US government; they are basically an arm of the US government," Lutnick said. "But what’s the economics of that? I’m going to leave that to my Secretary of Defense and the deputy Secretary of Defense. These guys are on it, and they’re thinking about it."Lockheed Martin (LMT) stock rose 0.4% in premarket trading.RTX (RTX) shares also rose 0.4%, while L3Harris (LHX) gained 0.2%, and Northrop Grumman (NOC) was roughly flat. Meanwhile, shares of Palantir (PLTR) fell 0.9%.Lutnick's comments come after President Trump said Monday morning that he wanted to see "many more cases" like Intel."I will make deals like that for our Country all day long," Trump said.56 mins agoKaren FriarEchoStar stock surges on $23 billion spectrum sale to AT&TShares of EchoStar (SATS) rocketed higher in premarket trading, up 65% as investors welcomed news the company has sold a tranche of wireless spectrum to AT&T (T) in a $23 billion deal.“This transaction is part of EchoStar‘s ongoing efforts to resolve the Federal Communications Commission’s inquiries,” DISH TV owner EchoStar said in a statement on Tuesday.Meanwhile, AT&T shares were little changed. Reuters reports:Read more here.Today at 12:06 PM UTCGrace O'DonnellTreasury yields rise after President Trump moves to oust Fed's Lisa CookTreasury yields rose, and the dollar fell on Tuesday after President Trump said late Monday he removed Federal Reserve Governor Lisa Cook from her post.The 10-year yield (^TNX) ticked up 1 basis point to 4.27%, while the 30-year yield (^TYX) rose 2 basis points to 4.91%. The dollar index (DX-Y.NYB) fell 0.27%.Yahoo Finance's Allie Canal reports that Trump's decision to follow through on a threat to oust Cook if she refused to resign comes after members of his administration alleged that Cook engaged in mortgage fraud related to the purchase of two properties earlier this decade."You are hereby removed from your position on the Board of Governors of the Federal Reserve, effective immediately," the president wrote in a letter addressed to Cook and shared on social media. "I have determined there is sufficient cause to remove you from your position."Read more here.Today at 11:40 AM UTCKaren FriarNvidia in line for $260 billion price swing after earningsOptions traders are pricing in about a $260 billion swing in Nvidia's (NVDA) market value following the chipmaker's second-quarter earnings expected on Wednesday, market data has shown.Reuters reports:Read more here.Today at 11:37 AM UTCKaren FriarSmall caps are finally getting rate cuts, but they might still be left behindSmall-cap stocks are finally playing catch-up, leaving a market — which has been burned before — wondering if this time is for real, writes Yahoo Finance's Hamza Shaban in today's Morning Brief.He reports:Read more here.Today at 11:33 AM UTCJenny McCallGood morning. Here's what's happening today.Economic data: FHFA house price index (June); S&P CoreLogic Case-Shiller 20-City; Conference Board Consumer Confidence (August); Richmond Fed manufacturing index (August)Earnings: BMO (BMO), MongoDB (MDB), Okta (OKTA), PVH (PVH)Here are some of the biggest stories you may have missed overnight and early this morning:Trump moves to oust Fed's Cook, escalating unprecedented fightSmall caps are finally getting rate cuts — but might still lagTrump threatens more tariffs in digital tax reprisalAT&T to buy spectrum licenses from EchoStar for about $23BCorporate America's buoyant tone at odds with Wall Street angstTrump targeting Cook shows his Fed feud has limitsNvidia set for $260 billion price swing after earnings30-year Treasury yield rises as Trump targets Fed's CookFrance's government risks new collapse, weighing on marketsToday at 10:34 AM UTCJenny McCallPremarket trending tickers: Wolfspeed, Interactive Brokers Group and Constellation BrandsHere's a look at some of the top stocks trending in premarket trading:Wolfspeed (WOLF) shares jumped more than 3% premarket after its fourth quarter results. The chipmaker, which has been grappling with a Chapter 11 and a restructuring, reported a loss per share $4.30, compared to a loss of $1.39 per share during the same period a year ago. Revenue came in at $197 million, compared to $201 million the previous year. Wall Street analysts expected worse results.Interactive Brokers Group (IBKR) stock rose 3% before the bell on news it will be joining the S&P 500 (^GSPC) at the start of trading on Thursday, replacing Walgreens Boots Alliance.Constellation Brands (STZ) stock fell over 1% premarket on Tuesday and was down more than 1% after dropping 2% Monday. RBC Capital cut its price target on the beer, wine and spirits company to $230 from $233, though it maintained an Outperform rating.Today at 3:36 AM UTCRian HowlettGold pushes up following Trump's escalation of attack upon the FedGold (GC=F) rose overnight Monday as news of President Trump's announced intent to remove Federal Reserve Governor Lisa Cook from her position. With uncertainty around the legality of the move, or the broad impact upon markets, investors pushed up the haven asset as a safeguard against instability.Bloomberg reports:Read more here. Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,449.25 -6.25 (-0.10%)Dow Futures45,311.00 -40.00 (-0.09%)Nasdaq Futures23,463.25 -35.00 (-0.15%)Russell 2000 Futures2,347.80 +3.70 (+0.16%)VIX15.36 +0.57 (+3.86%)Gold3,418.60 +1.10 (+0.03%)PortfolioSign in to access your portfolioSign inTop gainersSSL Sasol Limited 6.98 +0.69 (+10.97%)PRM Perimeter Solutions, Inc. 21.21 +1.73 (+8.88%)IREN IREN Limited 23.12 +1.69 (+7.89%)MP MP Materials Corp. 72.31 +4.43 (+6.53%)RKLB Rocket Lab Corporation 47.22 +2.84 (+6.40%)Top losersNEGG Newegg Commerce, Inc. 85.00 -15.75 (-15.63%)KDP Keurig Dr Pepper Inc. 31.10 -4.03 (-11.48%)FRPT Freshpet, Inc. 56.29 -6.33 (-10.11%)TNXP Tonix Pharmaceuticals Holding Corp. 34.59 -3.39 (-8.93%)BMA Banco Macro S.A. 60.00 -5.54 (-8.45%)Most activeOPEN Opendoor Technologies Inc. 4.5400 -0.4700 (-9.38%)NIO NIO Inc. 6.09 -0.25 (-3.94%)INTC Intel Corporation 24.55 -0.25 (-1.01%)NVDA NVIDIA Corporation 179.81 +1.82 (+1.02%)SOFI SoFi Technologies, Inc. 26.15 +1.13 (+4.52%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersGPRO GoPro, Inc. 1.6500 +0.4400 (+36.36%)AMD Advanced Micro Devices, Inc. 163.36 -4.40 (-2.62%)TLRY Tilray Brands, Inc. 1.3900 +0.2400 (+20.87%)LLY Eli Lilly and Company 695.33 -16.35 (-2.30%)IBKR Interactive Brokers Group, Inc. 62.76 +0.36 (+0.58%)Top economic events