I emphasised the funny bit. I bet they didn’t wish upon a star.

Dow futures fall 1,500 points Sunday as Trump tariff market collapse worsens: Live updates

…a market wipeout to end last week:

  • The Dow posted back-to-back losses of more than 1,500 points for the first time ever, including a 2,231-point shellacking on Friday.

  • The S&P 500 dropped 6% on Friday for its worst performance since the outbreak of the pandemic in March 2020. The benchmark lost 10% in two days, pushing it to more than 17% below its February record, perilously close to a 20% bear market.

  • The Nasdaq Composite entered a bear market Friday — down 22% from its record — after losses on Thursday and Friday of nearly 6% apiece.

Investors did not receive the news over the weekend they were wishing for that the Trump administration was having successful negotiations with countries to lower the rates, or at the very least, was considering delaying the set of so-called reciprocal tariffs due to take effect April 9. The initial unilateral 10% tariff went into effect Saturday.

  • InevitableSwing [none/use name]@hexbear.netOPEnglish
    22·
    1 day ago

    I wonder what’s going to happen starting on Monday. The initial unilateral 10% tariff went into effect Saturday. And so-called reciprocal tariffs are due to take effect April 9.

    -–

    Edit

    I just saw this.

    Back to watching CNBC. “This is not a misprint: Dow futures with an implied drop of -4.5%.” Each anchor has the vibe of a guy waking up from a years-long bender on the side of the highway with no phone and an empty bank account. Continues to be better TV than almost any show.

    https://subium.com/profile/bencollins.bsky.social/post/3lm6lxmmcvc2v