U.S. Stocks Set to Enter Bear Market as Trump Tariffs Spark Panic

U.S. Stocks Set to Enter Bear Market arsenic Trump Tariffs Spark Panic

U.S. banal futures were plunging aboriginal Monday, with the marketplace pricing the hazard of a imaginable planetary recession caused by President Donald Trump’s tariff plan.

Dow Jones Industrial Average futures were down 1,228 points, oregon 3.1%. S&P 500 futures were falling 3.4% and Nasdaq 100 futures were losing 3.8%. That near the S&P 500 acceptable to deed a carnivore market, defined arsenic a 20% autumn from its caller highest connected Feb. 19.

“While investors are nary alien to crisp downside volatility— 2020 and 2022 some produced carnivore markets—the velocity of the diminution since Thursday greeting is unique, and is peculiarly unsettling,” said Greg McBride, main fiscal expert astatine Bankrate.