TEW Magazine

Source: reuters.com Wall Street Futures Tumble as Tariffs Spark Market Mayhem The US Market is bracing for further turmoil as futures linked to the Dow Jones, S&P 500, and Nasdaq fell sharply on Sunday night. continuing a devastating two-day sell-off that erased over $5 trillion in investor wealth. Dow futures dropped more than 1,600 points at their lowest, with the S&P 500 and Nasdaq futures shedding over 4% each. If these losses continue into regular trading, the S&P 500 will join the Nasdaq and the Russell 2000 in bear market territory—defined by a 20% decline from recent highs. The downturn comes on the heels of President Donald Trump’s expansive tariff policy, which has sent shockwaves through global markets. High-profile investors like Bill Ackman and Stanley Druckenmiller criticized the administration’s trade strategy, calling it a “mistake.” The Trump administration, however, remains steadfast. “Sometimes you have to take medicine to fix something,” the president re...