{"id":121317,"title":"Wall Street Futures Signal More Losses Ahead","publisher":"Share Talk","author":"sharetalk","published":"2025-04-04T09:17:20+00:00","modified":"2025-04-04T09:17:20+00:00","canonical_url":"https://www.share-talk.com/wall-street-futures-signal-more-losses-ahead/","markdown_url":"https://www.share-talk.com/wall-street-futures-signal-more-losses-ahead.md","json_url":"https://www.share-talk.com/wall-street-futures-signal-more-losses-ahead.json","category":"B2B","categories":["B2B","Blogs","Technology","Technology, Media & Telecoms"],"tags":["AI-focused","Asia","Asia-Pacific index","Asian market","Asian markets","Asian trading","Bank of England","Bank of Japan","Bank of New York","Beijing","bond market","Brent Crude","china","chips","currency","Dow Jones","EU","European Union","Federal Reserve","Hong kong","India","Jakarta","Japan","JP Morgan","Manila","Nikkei","Nvidia","Russia","semiconductor","Sensex","Seoul","shanghai","Shenzhen Composite Index","Singapore","South Korea","Sydney","Taipei","Treasury yields","U.S. bond market","U.S. dollar","U.S. stocks","U.S. Treasury","UK","US recession","USA","Wall Street","Wellington","White House"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/02/wall-street-11-feb.webp?fit=1200%2C800&quality=80&ssl=1","format":"news","language":"en-GB","content":"US stock futures are pointing to further declines at the open, as markets continue to reel from the shock of Donald Trump’s sweeping new tariffs.\n\nFutures for the S&P 500 and the Dow Jones Industrial Average indicate a 0.7% drop, while Nasdaq futures are down 0.5%. The projected declines follow steep losses on Thursday, when the S&P 500 plunged 4.8%—its worst single-day performance since June 2020—as investors reacted sharply to the tariff announcement.\n\nPaul Donovan, chief economist at UBS Global Wealth Management, said:\n\n> “Financial markets expected a significant tax increase from US President Trump. Yesterday’s reaction shows the tax increase was worse than anticipated.\n\n> US dollar weakness is telling. We often say that when the US sneezes, the global economy catches a cold. This isn’t a sneeze—this is the US cutting off its own arm. The self-inflicted economic cost is naturally weakening the dollar.”\n\n**President Downplays Market Turmoil, Citing Inherited Economic Woes**\n\nThe president downplayed the recent financial market turmoil, calling it “to be expected” and attributing it to the “terrible economy” he inherited.\n\nOvernight, Japan’s Nikkei index fell nearly 3%, extending a steep decline that at one point had it on track for a weekly loss of almost 10%—its worst performance since the COVID-19 pandemic began in March 2020.\n\nThe sell-off follows a brutal day on Wall Street, where S&P 500 companies collectively shed $2.4 trillion in market value on Thursday—their largest single-day loss since global lockdowns triggered by COVID five years ago."}