Global Markets Plummet Ahead Of US Opening Bell

April 7, 2025 Economy, Trump Administration

The Associated Press reports:

Global stock markets extended a severe plunge Monday, fueled by fears that U.S. tariffs would lead to a global economic slowdown. European and Asian shares saw dramatic losses, the leading U.S. index flirted with bear market territory in pre-market trading, and oil prices sagged.

Tokyo’s Nikkei 225 index lost nearly 8% shortly after the market opened and futures trading for the benchmark was briefly suspended. It closed down 7.8% at 31,136.58. In Paris, the CAC 40 shed 5.8%, while Britain’s FTSE 100 lost 4.9% in the European morning.

U.S. futures signaled further weakness ahead. For the S&P 500, they lost 3.4%, while for the Dow Jones Industrial Average, they shed 3.1%. Futures for the Nasdaq lost 5.3%. If the pre-market futures losses materialize when the U.S. market opens, the S&P 500 will enter bear market territory — defined as a fall of more than 20% from the peak.

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