US Stocks Plunge Amid Tariff Fallout

Quick Summary:

U.S.stock futures plunged on Sunday evening, signalling a turbulent start for Wall Street as markets reacted to President Trump’s aggressive tariff policies.  Futures tied to the S&P 500 fell over 3%, while Nasdaq futures dropped 4%, and Dow Jones Industrial Average futures sank 2.5%, equivalent to approximately 1,000 points.

Oil prices also declined more than 3%, falling below $60 per barrel for the first time since 2021.

China retaliated with a 34% tariff on U.S.goods, and the European Union is preparing countermeasures.

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Article Details

Category: InvestingBusiness

Markets: MalaysiaChina

Topics: Markets US US stocks

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-07 @ 02:15:26 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

Article Length: 270 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Today

News ID: 27640303

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Official Website: businesstoday.com.my

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