Bloodbath in US Markets: S&P 500 and Nasdaq at Over 6-Month Lows
The US stock market experienced a massive selloff on Monday, with the S&P 500 and Nasdaq indexes hitting more than six-month lows. The sudden drop in market values has left investors worried about the potential impact of tariffs on the global economy.
As of 09:44 am (US time), the S&P 500 was down 81.90 points (1.47%) to 5,499.04, while the Nasdaq was down 409.48 points (2.36%) to 16,913.52. The collapse in market values was widespread, with all 11 major S&P 500 sectors declining.
The selloff was sparked by concerns over US President Donald Trump’s upcoming announcement of tariff plans. Investors are worried that the tariffs could lead to a recession, which would have a devastating impact on the global economy.
The news sent shockwaves through the markets, with futures contracts plummeting to their lowest levels since the COVID-19 pandemic began. The Dow Jones Industrial Average futures fell 630 points, or 1.9%, to 32,400, while the S&P 500 futures dropped 74 points, or 1.3%, to 4,830.
The sudden decline in market values was not limited to the US. Global stock markets also experienced a significant selloff, with the MSCI World Index falling 1.3% to its lowest level since November 2022.
The selloff was driven by concerns over the impact of tariffs on the global economy. The tariffs, which are set to be announced by President Trump, could lead to a trade war with China, which would have a devastating impact on the global economy.
The tariffs could also lead to a rise in inflation, which would make it more difficult for central banks to keep interest rates low. This could lead to a rise in bond yields, which would make it more expensive for companies to borrow money.
The selloff in the market was also driven by concerns over the impact of the tariffs on consumer spending. The tariffs could lead to a rise in prices, which would make it more expensive for consumers to purchase goods and services.
The selloff in the market has left many investors worried about the potential impact of the tariffs on the global economy. The tariffs could lead to a recession, which would have a devastating impact on the global economy.
The sudden decline in market values has also left many investors wondering what the future holds for the global economy. The tariffs could lead to a trade war with China, which would have a devastating impact on the global economy.
In conclusion, the selloff in the US markets was driven by concerns over the impact of tariffs on the global economy. The tariffs could lead to a recession, which would have a devastating impact on the global economy.
Source:
https://www.reuters.com/markets/us/futures-tumble-tariffs-fuel-recession-worries-2025-03-31/
