US stock futures opened sharply lower following the Trump administration's recent tariff announcement, which spurred a significant selloff, wiping about $5 trillion from equity values. The S&P 500 index saw a decline of 10.5% over two days, marking one of its biggest losses since March 2020, and plunging closer to bear market territory. Experts anticipate continued volatility as US trading partners respond to the tariffs. While some believe a rebound is possible in the near term, investment professionals express skepticism regarding its sustainability amid this turbulent environment.
Sometime this week it's probably inevitable that we will have an up day," said Steve Sosnick, chief investment strategist at Interactive Brokers, ahead of futures opening.
The bull market is dead," Mark Malek, chief investment officer at Siebert Financial, said ahead of futures opening.
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