The global selloff that began last week intensified Monday morning, with U.S. stock futures plunging further after Japan’s Nikkei 225 had its worst day since Wall Street’s “Black Monday” in 1987. Following a 611-point loss on Friday, the Dow dropped over 1,000 points before the market opened. The S&P initially fell over 3.5%, while Big Tech stocks were among the biggest losers, causing Nasdaq futures to lose almost 5%.
The panic subsidized after the markets opened, however, and investors like Infrastructure Capital Advisors CEO Jay Hatfield remain bullish on the overall state of the U.S. economy.
