Lutnick Is Removed

its chance, of the story’s futures

−1.1%on the S&P 500, if it happens

The White House decides that Howard Lutnick has become a political liability after reports that he ignored Trump’s Nvidia smuggling orders. A new acting Commerce secretary or special export-control czar moves quickly to show tougher enforcement on Nvidia and China-bound AI chips.

What it moves

Technology−1.8%
Industrials−0.3%

Sectors in percent; other series by direction only.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

Lutnick Is Removed

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