Investors gear up for another huge week on Wall Street in the wake of Trump tariff news. Will the selling pressure finally ease?
And the selling pressure continues.
Dow Jones Industrial Average futures tanked 61 points as of 6:53 p.m. EST. on Sunday after a weekend of tough talk by the Trump administration on its proposed tariffs for steel and aluminum. Government officials from across the globe also continued to speak out against the tariffs.
S&P 500 and Nasdaq futures were each down about 8 points. Also not helping sentiment on Sunday were exit polls suggesting Italy was headed for a hung parliament following its elections.
Last week saw the Dow post its first losing February since 2009. Both the Dow and the S&P posted their first monthly losses since March 2017. While most of this week was characterized by heavy movement into the red, Monday saw stocks close in the green for a third consecutive trading session. Tuesday, Wednesday and Thursday brought solid losses, though.