The S&P 500 Index ($SPX) (SPY) today is down -2.27%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -2.65%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.98%. June E-mini S&P futures (ESM25) are up +0.56%, and June E-mini Nasdaq futures (NQM25) are up +0.90%.
Stock indexes day are sinking for the third consecutive session, with the S&P 500 falling to a 14-month low and the Down Jones Industrial and Nasdaq 100 falling to 15-month lows. Equity markets worldwide are plunging today because of concern that a trade war will push the global economy into recession. Over the weekend, President Trump dismissed the ongoing selloff in equity markets when he said to “forget the markets for a second” and pledged to continue with his tariff policies. Also, Treasury Secretary Bessent dismissed market concerns about slowing economic growth and inflation fears and insisted an economic boom is on the horizon.
