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By Suzanne McGee and Sinéad Carew
(Reuters) -us Fund futures opened sharply on Sunday, and the trillions of capital values were removed from capital values after the announcement of Trump management tariffs last week.
Global trading partners reacted to hard tariffs than expected, investors had a weekly excitement. US S & P 500 e-minis stock futures fell 4%. Dow e-minis 3.8%, Nasdaq 100 e-minis reduced 4.6% on Sunday.
Trump’s Wednesday Tariff announcement in two days, Benchmark S & P 500 index lost about 10.5%, about $ 5 trillion in market value and lost about 5 trillion dollars. Since March 202020, it was the biggest two-day casualties. On Thursday and Friday, the native slide, S & P put more than 17% on February 19, and usually brought more closer to the market, which was usually determined as a decrease of 20%.
“Bull market died,” Mark Malek, Mark Malek, General Investment Officer, Futures opened. “We can see some gains in the coming days, but now they will not last.”
In the first quarter, the time of the tariff news that coincides with the start of the income season, he said, he contributed to a gloomy worldview.
Talk on Sunday morning, Trump’s best economic advisers wanted to describe tariffs thanks to the savvy. Treasury Secretary Scott Bessent, NBC News “Get acquainted with the press”, he said, “no reason” to report with a decline.
Some traders believe the stock market will lead to at least the return of the species.
“This week is most likely to have a day this week,” he said, “said the head investment strategist in interactive brokers before the opening of futures.
The question remains on the sustainability of any rally.
“We can see a day where the screens are green this week, but any continuous rally can not come three or four weeks,” he said. “At this point, people will start because we have enough air from the balloon.”
(Suzanne McGee’s report; Additional report by Sinead Carew; regulation by Megan Davies and Leslie Adler)
