On Monday, U.S. stock futures experienced yet another decline as the White House remained steadfast following President Donald Trump’s unexpected declaration of astronomically high tariff rates on a number of important trading partners.
A major three-day market decline has been brought on by this action. Before formal trading began, S&P 500 futures fell 2.5 percent, bringing the benchmark closer to bear market territory.
After hitting a record high in February, the index closed Friday down 17.4%. Nasdaq-100 futures experienced a greater decrease of 2.9%, while Dow Jones Industrial Average futures fell 836 points, or 2.2%.
As economic uncertainty has increased, investors have begun selling down their once-high-flying tech equities more frequently in order to raise money.
Source (CNBC)
