U.S. stocks fall as markets assess Trump's Fed chair pick

NEW YORK, Jan. 30 (Xinhua) -- U.S. stocks ended lower on Friday as investors evaluated U.S. President Donald Trump's nomination of former Federal Reserve Governor Kevin Warsh to succeed Jerome Powell as the next Fed chair.

The Dow Jones Industrial Average fell by 179.09 points, or 0.36 percent, to 48,892.47. The S&P 500 sank 29.98 points, or 0.43 percent, to 6,939.03. The Nasdaq Composite Index dropped 223.3