U.S. stock futures continue to fall as the White House maintains its stance in the wake of President Donald Trump’s declaration of surprisingly high tariff rates on key trading partners.
A record three-day market meltdown has been caused by this decision, with major indices being significantly impacted.
The benchmark closed Friday down 17.4% from its record high in February, while S&P 500 futures had fallen 1.7%, sending it dangerously near to bear market territory.
Futures on the Nasdaq-100 plummeted 2%, and futures on the Dow Jones Industrial Average slid 720 points, or 1.9%.
Amidst the continuous market turbulence, investors are progressively selling off once-high-performing tech equities to generate cash.
Source (CNBC)
