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Futures for stocks in the United States decreased late in trading on Sunday, as the S& P 500 index was established to open in the land market lands, as global markets continue their negative reaction to the tariff system for President Donald Trump and its support for the possibility of the largest economy in the world.
The shares suffered from one of the largest two -day losses in the history of the market by the end of trading on Friday, as the S&P 500 points fell 322 points, or 5.97 %, to link the wider US shares at the lowest level since May last year.
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Meanwhile, the Nasdaq Composite Index index in the bear market was closed, as a 20 % decrease from the last standard peak, as 982 points fell on Friday and 22.7 % since December 16.
Meanwhile, the Dow Jones industrial average, 2,231 points, decreased, with average of the average of 30 heading to the so -called technical correction, a 20 % decrease from its highest level ever.
Group, American stocks lost more than $ 5.54 trillion in the Irrigation event of President Trump “Liberation Day” at the White House.
Andrew Harnik & Sol; Getty Images
James Demir, chief investment official in New York, said: “The pressure of brutal sale will continue last week on Monday, as the market tells us that investors are still lacking the effects of definitions and definition revenge, and they are concerned that economic growth is likely to slow down in a full booth or stagnation,” said James Demir, Chief Investment Officer in New York.
“We encourage us from reports that about 50 countries have contacted the United States to start trade negotiations,” he added. “Any negotiations will be supportive of the economy and markets. The definitions are likely to slow down in its current state of GDP by 0.5 %, so any reduction will be based. In the absence of a decrease in customs tariffs, we believe that the Federal Reserve will reduce the rates of compensation for the effect of the tariff.
Related: Do not expect the Federal Reserve to save shares of Gambit Introduction
Early indicators indicate that the sale is likely to continue, with future contracts linked to the S&P 500, indicating a decrease in the opening bell, which is more than 200 points, or 4.67 %, with the Dowed for Hundenced at 1300 points.
Meanwhile, NASDAQ, which focuses on technology is called more than 900 points, or 5.45 %, with more major negative moves of huge cover names such as NVIDIA ((Nvda)) apple ((Aapl)) And Tesla ((Timing)) expected.
On foreign markets, the Nikkei 225 index in Japan was made by 2.75 % in the early Tokyo trading, while the US dollar index, which tracks greenery against a basket of six global currencies, decreased by 0.53 % to 102.479.
Global oil prices were also declining, as future futures declined in May, which are tightly linked to American gasoline prices, as they decreased from $ 2.25 to $ 59.74 a barrel, the lowest level in four years.
Meanwhile, President Trump returned to Washington from a three -day trip to his home in Mar Lago, Florida. The trip included a multiple golf championship, in a challenging mood, after he sent his top advisers to defend customs tariff plans on Sunday television programs.
Related: The job report in March provides relief, but the markets are preparing for weakness
Treasury Secretary Scott Pessant told “Meet The Press” to NBC that the administration “will hold the session” on the customs tariff, and described market turmoil as a “modification process.”
“He created the maximum amount of leverage for himself,” said Pesin. “I think we will have to see what countries offer and whether it is reasonable.”
So far, regardless of the reports offered by many countries that have been negotiated with President Trump, Vietnam and Israel only confirmed notes from their leaders associated with definitions.
More economic analysis:
- The price of gold hit the stumbling block. Where do you go from here?
- 7 fast food from the notes of the Federal Reserve Chairman Jerome Powell
- Retail sales add new complications to the expectations of reducing federal reserves
Related: The Veteran Fund Director reveals the prediction of the S&P 500
