Dow futures sink 1,500 points as stock market rout continues on Trump trade war

• American stocks are preparing to continue their incendiary free fall Future contracts also indicated more fear of president Donald Trump’s tariff. Administration officials indicated on Sunday that they will not back down from their aggressive position. Meanwhile, the inflation report is scheduled later this week in addition to bank profits.

Wall Street remained in fear of President Donald Trump’s tariff on Sunday evening, as futures indicated more severe losses.

Download Jones Industrial Mestuter Residents 1,468 points, or 3.8 %, while the S&P 500 Futures 4.3 % and Nasdaq Futures sank 4.9 %. This follows a devastating week that has seen the worst sales from the first days of Covid-19 epidemic.

The Treasury was 10 years return by 4 %, and crude oil prices in the United States decreased by 3.3 % to $ 59.95 a barrel.

On Wednesday, Trump announced the minimum tariff rate of 10 % and higher rates for 57 economists such as China (34 %), the European Union (20 %), and Japan (24 %). Fitch classifications estimated that the effective tariff rate can reach 25 % on average- the highest in more than 115 years.

Former Treasury Secretary, Larry Samars, broadcast caution in the X publication on Sunday, saying that there is a very good opportunity for more market disturbances similar to what was seen on Thursday and Friday.

The summer said that these sessions were the fourth largest decrease for two days in the past 85 years. The sale was surveyed about 6 trillion dollars on the market.

“A drop of this size indicates that there is likely to be a problem in the future, and people should be very careful,” Sames wrote.

Meanwhile, the Trump administration sought Sunday to reduce concerns about financial markets and economics.

The director of the National Economic Council, Kevin Haysit, told ABC News that more than 50 countries had contacted the White House to negotiate the definitions.

But at the present time, the Minister of Commerce Howard Lootnick said that the definitions will remain and will not be postponed. While the minimum tariffs by 10 % entered early on Saturday, individual fees will enter Wednesday.

“They will stay in their place for several days and weeks,” he told CBS.

In response to Trump’s sweeping tariff, JPMorgan now sees stagnation, as GDP is 0.3 % this year. But Treasury Secretary Scott Bessin said on Sunday that there should be no recession and described the sale of shares as a short -term reaction.

He told NBC: “One of the things I can tell you, as the Treasury Secretary, what I liked is very impressed by the market’s infrastructure, and that we got the volume of Friday registration. And everything works very smoothly so that the American people can do so.”

BESSENT also gave any indication that Trump will back down from these aggressive definitions.

On Friday, Federal Reserve Chairman Jerome Powell warned that comprehensive definitions could push inflation up and decrease cooling to reduce the imminent interest rate.

The markets will get inflation on Thursday, when the consumer price index report will be issued for the month of March, which gives an insight into the place where inflation was heading before the latest customs tariffs arrived.

In addition, the profit season for the results of the first quarter will start this week with the JPMorgan, Wells Fargo and Blackrock report on Friday.

Comment by senior executives about the customs tariff and their expectations on how they affect their companies will be under special scrutiny.

This story was originally shown on Fortune.com

2025-04-06 22:25:00