US stock futures dropped amid growing concerns over the impact of the Trump administration’s tariffs. Major stocks like Nvidia, Meta, Amazon, and Tesla saw losses. China’s retaliatory tariffs and rising recession fears added to market uncertainty. Bitcoin also fell 4%.
US stock futures decline amid tariff concerns; Tesla shares fall
US stock index futures dropped on Monday as investor concerns grew over the economic impact of the Trump administration’s tariff policies. At 05:43 a.m. ET, Dow E-minis fell by 299 points (0.7%), S&P 500 E-minis declined 48.75 points (0.84%), and Nasdaq 100 E-minis were down 198.5 points (0.98%).
Major growth stocks also suffered losses, with Nvidia dropping 2%, while Meta and Amazon declined by over 1.3% each. Tesla shares fell 2.6% after UBS lowered its forecast for the company’s first-quarter deliveries and reduced its stock price target.
Markets are also reacting to China’s new retaliatory tariffs, set to take effect on Monday, and upcoming US tariffs on base metals. Uncertainty over trade policies has increased recession fears, with a Reuters poll showing that 91% of economists see rising risks of an economic downturn.
The S&P 500 saw its biggest weekly drop since September, while the Nasdaq has fallen over 10% from its December peak. Investors are awaiting key economic data this week, which could influence the Federal Reserve’s policy decisions. Meanwhile, crypto stocks slid as Bitcoin lost 4% in value.
Israel’s Minister of Defense announced the launch of Operation Black Flag, with the Israeli Defense Forces (IDF) carrying out strikes on multiple mi...
UN teams have deployed to Syria’s coastal Latakia province, where wildfires have been burning for four days, forcing hundreds of families to flee an...
The Federal Road Safety Corps (FRSC) confirmed that 21 people died in a crash early Sunday morning on the Zaria-Kano expressway in Nigeria....
U.S. fighter jets intercepted a civilian plane near President Donald Trump’s Bedminster, New Jersey, golf club on Sunday. This marked the 11th unaut...
The death toll from the collapse of a residential building in Karachi has risen to 27, Pakistani officials confirmed on Sunday, as a three-day rescue ...
The number of people killed in flash floods across central Texas has climbed to 78, with dozens let unaccounted for, authorities confirmed on Sunday.
Israel’s Minister of Defense announced the launch of Operation Black Flag, with the Israeli Defense Forces (IDF) carrying out strikes on multiple military targets belonging to the Houthi movement in Yemen.
UN teams have deployed to Syria’s coastal Latakia province, where wildfires have been burning for four days, forcing hundreds of families to flee and destroying large areas of farmland and infrastructure.
The Federal Road Safety Corps (FRSC) confirmed that 21 people died in a crash early Sunday morning on the Zaria-Kano expressway in Nigeria.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
Following a deadly glacier collapse in Blatten, near the Swiss Alpine village of Kandersteg, the town is on high alert as melting permafrost and shifting rock threaten another potential disaster after it was buried a month ago.
China’s northern and western provinces are on high alert for flash floods and landslides as intense monsoon rains continue to overwhelm defences, killing at least seven and displacing communities across the country.
China's finance ministry announced on Sunday that it is imposing restrictions on imports of medical devices from the European Union valued over 45 million yuan ($6.3 million).
Investment firm Azoria Partners announced it would delay the launch of its Tesla ETF following Elon Musk's declaration of forming a new U.S. political party.
Ingram Micro INGM.N said on Saturday it recently identified ransomware on certain of its internal systems.
Microsoft is closing its direct operations in Pakistan after 25 years, shifting to a partner-led model to serve the market.
The European Union will drastically reduce imports of Ukrainian wheat and sugar, by up to 80%—to protect its farmers, a move expected to shift Ukraine's exports toward Asia and Africa.
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