Bloodbath in US Markets: S&P 500 and Nasdaq at over 6-month lows
The US stock market is experiencing a massive selloff, with the S&P 500 and Nasdaq indexes plummeting to over six-month lows on Monday. The sudden downturn has left investors worried about the potential impact of tariffs and the looming threat of a recession.
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 sharp decline in the indices has led to a bloodbath in US markets, with investors scrambling to cut their losses and protect their investments.
The sudden selloff is attributed to concerns over US President Donald Trump’s upcoming announcement of tariff plans. The announcement has fueled worries among investors that the tariffs could lead to a trade war, which could have a devastating impact on the global economy.
The news has sent shockwaves through the financial markets, with futures contracts tumbling in response. The Dow Jones Industrial Average futures were down 700 points, or 2.3%, while the S&P 500 futures were down 83 points, or 1.5%.
The selloff has been widespread across the market, with all major sectors experiencing significant declines. The technology sector has been particularly hard hit, with the Nasdaq Composite Index falling 2.4% to 16,913.52. The index has now fallen more than 10% from its recent high, which is considered a bear market.
The decline in the US markets has also had a ripple effect on global markets. The major European indexes, including the FTSE 100 and the CAC 40, are down over 1% in early trading. The Japanese Nikkei 225 index is also down over 1% as the news spreads.
The sudden selloff has left investors wondering what the future holds for the US markets. The tariffs announcement has added to the growing list of concerns that have been plaguing the market, including the ongoing trade tensions with China and the slowing global economy.
The US Federal Reserve has also been keeping a close eye on the situation, with Chairman Jerome Powell saying last week that the central bank is “closely monitoring” the situation and is prepared to take action if necessary.
In the wake of the selloff, investors are left wondering what the future holds for the US markets. Will the tariffs announcement lead to a trade war, and what are the implications for the global economy? Only time will tell, but one thing is certain – the US markets are in for a wild ride in the coming weeks and months.
Source: https://www.reuters.com/markets/us/futures-tumble-tariffs-fuel-recession-worries-2025-03-31/
