US Stock Futures Dive Amid Market Rejection of Trump’s Tariffs

Stock futures nosedive: In response to President Donald Trump’s major tariffs, which partially took effect Saturday morning, US stock futures dropped significantly this evening. Monday’s market opening is expected to show a substantial downturn, pushing the S&P 500 dangerously close to bear market territory—a 20% drop from its peak—signaling potential difficulties for investors and possibly impacting the wider economy.

More tariffs anticipated: Trump’s broad 10% import tax is now implemented, with expectations for more significant tariffs on various nations later this week. While concerns about a potential recession loom, administration officials continue to advise investors to stay composed.

Widespread protests: Massive crowds rallied nationwide and even outside US borders, organizing protests against Trump and Elon Musk’s Department of Government Efficiency.

Looking ahead: Tomorrow, Israeli Prime Minister Benjamin Netanyahu is slated to meet Trump at the White House.