U.S. stock futures dropped on Sunday evening as the White House remained defiant even after a two-day historic stock market rout that followed President Donald Trump’s rollout of shockingly high tariff rates on most key U.S. trading partners.
Dow Jones Industrial average futures fell 1,405 points, or 3.7% Sunday evening, pointing to another brutal session ahead on Monday. S&P 500 futures shed 4.3%. Nasdaq-100 futures lost 5.4% as investors continued to shed their one-time tech winners to raise cash.
This follows a market wipeout to end last week:
The Dow posted back-to-back losses of more than 1,500 points for the first time ever, including a 2,231-point shellacking on Friday. The S&P 500 dropped 6% on Friday for its worst performance since the outbreak of the pandemic in March 2020. The