Stock futures, DOW and Trump
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U.S. stock futures plummeted on Sunday evening as the Trump administration showed no signs of backing off from a wide-ranging plan to impose tariffs.
From Investopedia
“We won’t mince words: Stocks crashed the last two days,” said veteran technical analyst Mark Arbeter, president of Arbeter Investments, on Sunday afternoon.
From MarketWatch
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Despite a video shared by Trump on Truth Social stating a market crash was part of his economic strategy, Kevin Hassett refuted the claim on ABC's "This Week."
1don MSN
Trump also slammed China, which retaliated against his sweeping tariff policy Friday with a new 34% tariff on U.S. goods.
Members of Trump’s Cabinet urged Americans not to panic as questions and criticism of tariffs from conservatives and liberals alike picked up steam.
The economic gloom and doom sweeping markets since Trump's tariff announcement is hammering the Russell 2000 index of small companies. Futures tied to the Russell 2000 were
Treasury Secretary Scott Bessent said the public can take “great comfort” in this week’s historic $6 trillion stock market crash after President Donald Trump announced sweeping 10 percent universal tariffs.
Bessent said "what I've been very impressed with is the market infrastructure, that we had record volume on Friday."
Speaking to a group of conservative Italian politicians, Elon Musk on Saturday called for a "free trade zone" between Europe and North America.
White House National Economic Council Director Kevin Hassett defended President Trump’s tariffs on Sunday, refuting the idea they will cost American consumers more.