Stock market today: Live updates

President Donald Trump launched a another verbal attack Monday against Federal Reserve Chair Jerome Powell, calling the central bank chief a “fool” and threatening to sue him for “gross incompetence.”

With Powell’s term set to expire in May, Trump said he would still like to fire him and said “Maybe I still might.” Earlier this year, Trump tried to sack Governor Lisa Cook but thus far has been blocked by courts.

Trump specifically criticized Powell over the renovation project at Fed headquarters.

“So we’re thinking about bringing a gross incompetence, what’s called a gross incompetence lawsuit, it’s gross incompetence, against Powell,” Trump told reporters during a session with Israeli Prime Minister Benjamin Netanyahu. “I’d love to fire him,” he added.

Trump and Treasury Secretary Scott Bessent have been interviewing potential replacements for Powell. The president said he will name his nominee in January.

— Jeff Cox

Copper is on track for its biggest annual price rise in more than a decade, driven by supply disruptions, a weakening U.S. dollar, improving expectations for Chinese economic growth — and blockbuster spending on artificial intelligence.

Analysts say the red metal’s rally could continue next year, particularly amid supply fears and a rapidly expanding global data center footprint.

Three-month copper prices on the London Metal Exchange (LME) traded up 1.5% at $12,405 per metric ton on Tuesday, paring recent gains after notching a record high of $12,960 in the previous session.

The benchmark contract, which is up around 41% this year, is on pace for its best year since 2009, when it gained over 140% as countries emerged from the global financial crisis.

In New York, copper prices have soared more than 40% since the start of 2025, also putting it on track for its biggest annual jump since 2009, when the contract rose 137.3%. Read more.

— Sam Meredith

Check out the companies making the biggest moves premarket:

• Applied Digital — Shares rose more than 1% in the premarket after the company announced it would spin off its cloud business and combine it with Ekso Bionics. Shares of the latter company, which has a market cap of just $18.5 million, rallied 51%.
• Meta Platforms — The tech giant acquired Singapore-based startup Manus, which specializes in developing general purpose AI agents. The terms of the deal were not disclosed.

Read the full list here.

— Fred Imbert

Silver futures jumped 7% early Tuesday, continuing 2025′s rollercoaster ride for precious metals.

Silver futures for March delivery were up 7.2% to last trade at $75.53 an ounce at 7:25 a.m. Eastern time, bringing year-to-date gains to 158%. Read more.

Bitcoin has fallen roughly 6% since the beginning of the year — a stunning reversal from its ascent to record highs at various points throughout 2025.

The token was last trading at $87,850, Coin Metrics data shows. Its losses have mounted over the past three months, with the cryptocurrency shedding 23% during that period.

Although Bitcoin is struggling to reclaim the $90,000 mark, it has recovered from its recent lows. The digital asset plunged to about $80,000 in late November, marking its lowest level in more than six months.

Bitcoin has largely been in the red since cascading liquidations of highly leveraged crypto positions kneecapped the digital assets market in mid-October. A few days before the liquidations, the token rallied to a new all-time high of a little more than $126,000.

— Liz Napolitano

Applied Digital rose more than 1% in the premarket after the company announced it would spin off its cloud business and combine it with Ekso Bionics. Shares of the latter company, which has a market cap of just $18.5 million, rallied 42.3%.

— Fred Imbert

The three major averages are on pace for double-digit gains in the year. The S&P 500 is on pace for a 17.4% advance, while the Nasdaq Composite is up more than 21% in 2025. The Dow Industrials are the laggard, up 13.9% on the year.

Within the broad market S&P 500, the communications services and information technology sectors are the top winners, up 32.5% and nearly 25% as the artificial intelligence trade enjoyed another hot year. Data storage play Western Digital is on pace for a nearly 300% surge in 2025, while Micron Technology has skyrocketed nearly 250%. Defense tech darling Palantir is toting a gain of more than 140%.

While all 11 sectors of the S&P 500 are positive year to date, real estate has been left in the dust. The sector is up just 0.5% in 2025, with some of the steepest declines belonging to Alexandria Real Estate Equities (off nearly 50%) and Iron Mountain (down 21%).

— Darla Mercado, Jason Gewirtz