As trading floors opened on Monday, stock futures experienced a significant decline, continuing the downward trend that plagued Wall Street the previous week. This slump occurs while investors brace themselves for a barrage of looming economic data reports throughout the week.
Futures associated with the Dow Jones Industrial Average took a hit, dropping 314 points, equivalent to a 0.7% decrease. Similarly, S&P 500 futures fell by 0.9%, and Nasdaq 100 futures saw a more pronounced dip, descending by 1%.
“U.S. equities are on the sale list this morning. What is propelling this decline in strength? There wasn’t a specific headline or event over the weekend to incite this pressure. However, persistent concerns continue to burden the market’s sentiment, particularly as Trump’s administration remains firmly committed to their economic/tariff strategies. At best, such policies promise significant short-term challenges, and at worst, they could ignite a prolonged stagnation lasting several months or even quarters,” Adam Crisafulli from Vital Knowledge expressed in his insight.
The preceding week saw the S&P 500 slide 3.1%, marking its steepest weekly decline since September. Concurrently, the Dow decreased by 2.4%, and the Nasdaq Composite tumbled 3.5%.