The tariff-induced market mayhem isn’t over just yet.

US stock futures plunged Sunday evening after two sessions of sell-offs that wiped away over $5.4 trillion in market value. Stocks were set to open sharply lower Monday, putting the S&P 500 on the precipice of a bear market — a decline of 20% from its peak and an ominous sign for investors and perhaps the broader economy.

Dow futures were down 1,250 points, or 3.3%. S&P 500 futures fell 3.7%, while Nasdaq futures tumbled 4.6%. Asian markets tanked: Japan’s Nikkei fell 8% at the open.

The price of US oil fell more than 3%, sinking below $60 a barrel for the first time since April 2021. Oil prices have been in a freefall as investors fear tariffs could plunge the global economy into a recession that would sap demand for flights, shipments, transportation and travel — all activities that require fuel.

Bitcoin joined the declines, too — falling 5.6% to $78,736.93. Bitcoin had surged above $100,000 shortly after Trump was elected in the hopes that he’d help boost support for cryptocurrencies.

  • ijedi1234@sh.itjust.worksEnglish
    6·
    20 hours ago

    One problem is how to keep out competition like LEOs and other squatters seeing opportunity.

    The other would be how to get through the door without destroying it - sure, you can go at it with an ax, but a destroyed door won’t stop wild animals coming in.

    But if those issues can be solved, I think it’s viable.