Two of the last few remaining Wall Street holdouts on the Fed easing next month have finally conceded defeat and now expect the central bank to reduce interest rates at its next meeting.

Investors see Nvidia’s quarterly report, coming after the bell, as a barometer for the strength of the boom in artificial intelligence because the company makes most of the chips that power the technology. Its heavy weighting also gives Nvidia outsized influence as a bellwether for the broader market. Its shares were flat.

Trump said in a letter posted on his Truth Social platform that he is firing Cook because of allegations that she committed mortgage fraud. Bill Pulte, a Trump appointee to the agency that regulates mortgage giants Fannie Mae and Freddie Mac, made the accusations last week.

NEW YORK (AP) — Stocks are holding near breakeven in afternoon trading on Wall Street Tuesday as indexes hover just below their recent all-time highs. The S&P 500 edged 0.1% higher. The Dow Jones Industrial Average fell 15 points, or less than 0.1%, as of 12:14 p.m. Eastern time. The Nasdaq composite rose 0.2%.

While UBS’s Paul Donovan told clients the attempt was “completely unprecedented,” Wharton’s Jeremy Siegel argued her ousting adds “noise but little substance” compared with the Fed’s longer-term policy pivots.

Stocks on Wall Street closed broadly lower Monday, giving back some of the big gains the market notched last week on hopes for interest rate cuts from the Federal Reserve.

"Longer decisions affect the economy over the longer term, away from short-term political pressure,” Williams said. “I think that’s really, really important.”

Wall Street capped a choppy day of trading Tuesday with slight gains for stocks, leaving the major indexes just below their recent all-time highs.

Both Wall Street and the White House will be paying close attention to Fed Chair Jerome Powell’s high-profile speech Friday at the Fed’s annual economic symposium in Jackson Hole, Wyoming.