Stock Market Today: Dow Falls, Nasdaq Climbs As Intel Pops; DOJ Drops Powell Probe (Live Coverage)

President Donald Trump's nomination of Kevin Warsh to replace Federal Reserve Chair Jerome Powell had been effectively blocked because of the investigation.

Amazon’s stock jumped toward a record high Friday, after the company announced that Meta plans to use tens of millions of the company’s Graviton chips for agentic AI workloads.

President Donald Trump’s Department of Justice on Friday said that it’s backing down in a standoff over the leadership of the Federal Reserve, and that announcement is expected to pave the way for Trump’s nominee for Fed chair, Kevin Warsh, to take over for current Fed Chair Jerome Powell as Powell’s term for that role ends May 15.