Tariffs Trigger Continues, Markets Sink
Team Veye | 31-Mar-2025
Amid growing concerns over slowing economic growth, U.S. stock index futures fell yesterday evening in anticipation of President Donald Trump’s April 2 deadline to impose more trade tariffs.
Unrelenting thus far, the markets extended their losses following a dismal session on Friday. Investors were rattled by higher-than-expected inflation, which could exert pressure on the U.S. economy and keep interest rates on hold.
The markets which were spooked by the reports that Trump will seek broader and bigger tariffs, led U.S. stocks to move sharply lower on Friday. Shares of companies like Amazon (NASDAQ: AMZN), Microsoft (NASDAQ: MSFT) and other technology heavyweights faced selloffs after U.S. data stoked fears of high inflation and weak economic growth.
The S&P 500 was down by 1.97% to end at 5,580.94 points whereas Nasdaq fell 2.70% to 17,322.99 points and the Dow Jones Industrial Average declined 1.69% to 41,583.90 points.
The CBOE volatility index rose 1.96 points to a one-week high of 21.65.
(Source: Reuters)
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