India, Aug. 26 -- Stocks may move to the downside in early trading on Tuesday, adding to the losses posted in the previous session. The major index futures are currently pointing to a slightly lower open for the markets, with the S&P 500 futures down by 0.1 percent.
Concerns about the Federal Reserve's independence may weigh on Wall Street after President Donald Trump said he is removing Fed Governor Lisa Cook from her position.
In a letter to Cook posted on Truth Social, Trump accused her of making false statements on one or more mortgage agreements.
However, Cook responded with a statement claiming Trump does not have the authority to fire her and said she will not resign.
"I will continue to carry out my duties to help the American e...