US stock futures experienced a significant downturn on Monday, marking the third consecutive session of market decline. This selloff was spurred by the White House’s continued insistence on implementing aggressive tariffs on major trading partners. The Dow, along with other major indices, experienced substantial losses.
- Dow futures declined around 4%.
- The Dow lost 7.9% last week.
- The selloff began on Thursday after the unveiling of high reciprocal tariffs.
- The Trump administration downplayed the market selloff.
- The Trump administration maintained that tariffs would push through as planned.
The observed market behavior suggests a period of increased volatility and downward pressure on the Dow. The planned tariffs and the reactions of other countries are creating uncertainty and negatively impacting investor sentiment, potentially leading to further declines. The administration’s stance to move forward with the tariffs despite market reaction highlights a potential disconnect between policy decisions and market stability.