Monday saw a dip in U.S. stock futures as the White House held fast after President Trump’s announcement of high tariff rates on major trading partners caused a severe market downturn.
Indicating a possible bear market, S&P 500 futures plunged 3.8%, while Dow Jones Industrial Average futures slid 1,376 points (3.6%). Nasdaq-100 futures saw a 4.1% decline as investors sought cash instead of technology equities.
This loss comes after last week’s historic market drop. Including a record decline of 2,231 points on Friday, the Dow saw two straight losses of more than 1,500 points.
On Friday, the S&P 500 dropped 6%, its worst day since March 2020. It now has a 10% two-day loss and is more than 17% below its February peak, approaching bear market territory.
Following heavy losses on Thursday and Friday, the Nasdaq Composite also entered a bear market, down 22% from its peak.
Source (CNBC)
