Written by Suzan McGaji and Clead Caro
(Reuters) -The stock futures for shares were opened late on Sunday, indicating the continuation of the two -day sale that gave trillion of stock values after the Trump administration's tariff was announced last week.
Investors expected another week of unrest, as global commercial partners interact with the cruel tariffs expected. The US S&P 500 E-MINIS futures decreased by 4 %. Dow E-MINIS fell by 3.8 %, while Nasdaq 100 E-MINIS fell by 4.6 % in the open on Sunday.
In the following two days, Trump's announcement on Wednesday, the standard S&P 500 index fell by 10.5 % and lost about $ 5 trillion in the market value. This was the biggest two -day loss since March 2020. Thursday and Friday SIM chip laid down S&P 500 to more than 17 % of its height on February 19 at all, and made it closer to the bear in the market, which is usually defined as a 20 % decrease.
“The bull market has died,” said Mark Malik, the chief investment official in Cyber Financial, before the opening of futures. “We may see some gains in the next few days, but they will not be imprisoned at the present time.”
Malik said that the timing of the customs tariff news, which coincided with the start of the profit season in the first quarter, contributes to the dark expectations.
In talk shows on Sunday morning, Trump's best economic advisors sought to photograph the definitions as a smart repair. “There is no reason” for the recession.
Some traders believe that the stock market will at least try to enhance a return of some kind.
“At some time this week, we may have a day to arrive,” said Steve Sosnik, chief strategy expert in the field of investment, before opening futures.
The question remains about the sustainability of any gathering.
“We may see this week where the screens are green, but no permanent gathering may reach for three or four weeks,” said Alex Morris, chief investment official at F/M Investments. “At this point, people will start saying that we have taken enough air out of the balloon.”
(Susan McGgy reports: Additional reports by Sinid Caro; edited by Meghan Devis and Lezli Adler)
Comments are closed, but trackbacks and pingbacks are open.