US Stock Market Live: Futures on Wall Street are seeing some semblance of a rebound from lower levels late Monday evening after three days of turmoil has left the market bruised. Futures linked to the Dow Jones are up over 400 points, while those linked to the S&P 500 and the Nasdaq are up over 60 points and close to 200 points respectively. Monday’s session was marred by wild swings in what resulted in the Dow Jones witnessing its biggest intraday swing on record. The S&P 500 briefly entered bear market territory, while the Nasdaq, still in that zone, ended above the flat line after some buying interest emerged in megacap tech stocks.
US Stock Market Live: Futures on Wall Street are seeing some semblance of a rebound from lower levels late Monday evening after three days of turmoil has left the market bruised. Futures linked to the Dow Jones are up over 600 points, while those linked to the S&P 500 and the Nasdaq are up over 60 points and close to 200 points respectively. Monday’s session was marred by wild swings in what resulted in the Dow Jones witnessing its biggest intraday swing on record. The S&P 500 briefly entered bear market territory, while the Nasdaq, still in that zone, ended above the flat line after some buying interest emerged in megacap tech stocks. US President Donald Trump has threatened China with an additional 50% tariff if the latter does not withdraw the 34% levy imposed last week and will take effect from April 10. The European Commission is also planning imposing tariffs on some imports from the US, in response to Trump’s moves on steel and aluminium. Keep an eye on the US 10-year, as it has jumped back to 4.2% after having slipped below 4% last week.
