Stocks were generally higher most of Thursday to end a holiday-shortened trading week – even after President Donald Trump criticized the work of "too late and wrong" Federal Reserve Chair Jerome Powell in a pre-opening-bell post on Truth Social and despite a soft set of incoming economic data.
Shortly after 6 am Eastern Daylight Time, President Trump drew an unfavorable comparison between his Fed Chair and the European Central Bank, noting that the ECB "is expected to cut interest rates for the 7th time."
