The day has been known, but with the so-called “Liberatation Day” ahead on April 2 where Pres. Trump’s administration will “hit essentially all countries with tariffs” in response to their tariffs, the global markets are bracing for slower growth and lower earnings as a result.
The futures are implying a lower opening across the board. European shares are also lower. The current futures are targeting:
- Dow industrial average -289 points
- S&P index -55 points
- NASDAQ index -265 points
On Friday, the broader indices fell for the third consecutive day. The Dow industrial average has been lower for four consecutive days:
- Dow industrial average -715.80.0 -1.69%
- S&P index -112.37 points or -1.97%
- NASDAQ index -481.04 points or -2.70%
For the trading week, the major indices all fell:
- Dow industrial average -0.96%
- S&P index -1.53%
- NASDAQ index -2.59%
