U.S. investors are bracing for further market turbulence as Monday’s trading open approaches following last week’s steep selloff triggered by President Donald Trump’s new tariff announcement.
The aggressive tariff measures sent shockwaves through Wall Street, with the S&P 500 index falling 10.5% over two days and wiping out approximately $5 trillion in market value – the largest two-day decline since March 2020.
The recent selloff, which saw the S&P 500 slide more than 17% from its February 19 all-time closing high, has pushed the benchmark index dangerously close to bear market territory, defined by a 20% decline. Futures are set to open at 1800 ET (2200 GMT) on Sunday, providing a preview of what could unfold in Monday’s session.
“The bull market is dead,” said Mark Malek, chief investment officer at Siebert Financial. “We might see some gains in the next few days, but for now they’re not going to be sustainable.” Malek’s caution comes as the tariffs coincide with the onset of the first-quarter earnings season, further dampening market sentiment.
Despite the grim outlook, some traders remain optimistic that the market could stage an up day at some point this week. “Sometime this week it’s probably inevitable that we will have an up day,” said Steve Sosnick, chief investment strategist at Interactive Brokers. However, Alex Morris, chief investment officer at F/m Investments, warned, “We may see a day this week where screens are green, but any lasting rally may not arrive for three or four weeks. At that point, people will start saying we’ve taken enough air out of the balloon.”
On Sunday morning talk shows, top economic advisers for President Trump attempted to frame the tariffs as a strategic repositioning move. Treasury Secretary Scott Bessent told NBC’s “Meet the Press” that there was “no reason” to anticipate a recession, even as market analysts expressed concerns that the tariffs could have far-reaching consequences for both the U.S. and global economies.
As global trading partners react and additional reciprocal tariffs come into play, investors are preparing for a period of heightened uncertainty. The coming week is expected to be critical for gauging whether the market can recover from the recent declines or if further volatility will set in.
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Senior officials from the United States and China met in Paris this week for a new round of trade talks, as the world’s two largest economies...
Court documents released on Monday (16 March) revealed that the British Broadcasting Corporation (BBC) ...
Governments around the world are responding cautiously to U.S. President Donald Trump’s call for countries to send naval ships to the Strait ...
Polish fighter jets intercepted a Russian reconnaissance aircraft over the Baltic Sea on Friday (13 March), according to Poland’s Operational...
Governments around the world are responding cautiously to U.S. President Donald Trump’s call for countries to send naval ships to the Strait of Hormuz to protect commercial shipping and help restore the flow of global oil supplies.
Top U.S. and Chinese economic officials launched a new round of talks in Paris on Sunday (15 March) to resolve issues in their trade truce. The discussions aim to smooth the way for U.S. President Donald Trump’s visit to Beijing to meet Chinese President Xi Jinping at the end of March.
Israeli forces killed a Palestinian father, mother, and two of their children as they drove in the occupied West Bank on Sunday (15 March), Palestinian health authorities said, and the Israeli military said the incident was under review.
North Korean leader Kim Jong Un oversaw the test-launch of 12 600mm-calibre multiple rocket launchers on Saturday (14 March), state media KCNA said, after the United States and South Korea this week launched their annual large-scale military drills in South Korea.
Iran says it is open to talks with countries seeking safe passage through the Strait of Hormuz - disrupted by recent attacks - as Israel continues to launch wide‑scale strikes on Iranian infrastructure in the west. This live report tracks the latest developments.
President Trump called on countries to assist in reopening the Strait of Hormuz, while Starmer said the UK is working with allies to restore navigation and stabilise oil markets. It comes as a strike near Iraq’s western border killed several Hashed al-Shaabi fighters, raising regional tensions.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 15 March, covering the latest developments you need to know.
Top U.S. and Chinese economic officials launched a new round of talks in Paris on Sunday (15 March) to resolve issues in their trade truce. The discussions aim to smooth the way for U.S. President Donald Trump’s visit to Beijing to meet Chinese President Xi Jinping at the end of March.
The process of evacuating foreign diplomats and citizens from Iran to Azerbaijan through the Astara state border crossing continues on Sunday (15 March), ensuring smooth and efficient transit for those arriving.
Senior officials from the United States and China met in Paris this week for a new round of trade talks, as the world’s two largest economies attempt to manage their economic rivalry and avoid further tensions.
Court documents released on Monday (16 March) revealed that the British Broadcasting Corporation (BBC) has asked a U.S. judge to dismiss President Donald Trump's $10 billion defamation suit over a 2024 documentary, arguing his re-election proves the edited 2021 speech did not harm his reputation.
Polish fighter jets intercepted a Russian reconnaissance aircraft over the Baltic Sea on Friday (13 March), according to Poland’s Operational Command.
Russia has imposed a fine of 35 million roubles (around $432,366) on the messaging platform Telegram for failing to remove content deemed illegal by the authorities, according to the Interfax news agency.
Madagascar's president, Michael Randrianirina announced the appointment of anti-corruption chief Mamitiana Rajaonarison as prime minister, six days after dismissing the previous premier along with the entire cabinet.
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