US Stock Futures Tumble Amid Tariff-Driven Volatility on Wall Street
U.S. stock futures plunged late Sunday following a tariff announcement by the Trump administration, intensifying market volatility and erasing nearly $5 trillion in market value. The selloff has pushed indices closer to bear market territory amid global trade tensions and economic uncertainty.
Published on April 7, 2025
U.S. stock futures fell sharply late Sunday, with declines of about 4% in the S&P 500, 3.8% in the Dow, and 4.6% in the Nasdaq 100 E-mini contracts. This drop follows the Trump administration’s recent tariff announcement—a move that has fueled record selloffs, wiping nearly $5 trillion from market valuations over two days and pushing the S&P 500 more than 17% below its February 19 closing high, inching closer to bear market territory.
Supplementary reports from global outlets on April 6 and 7, 2025, indicate that the market turbulence is not isolated to the U.S. Asian indices such as Japan’s Nikkei and Hong Kong’s Hang Seng also tumbled amid rising global recession fears and trade tensions. Analysts attribute the volatility to heightened investor anxiety, poor earnings season timing, and uncertainties over potential policy pivots, suggesting that while a short-lived rally might emerge during the week, a sustained recovery could take several weeks.