U.S. stock futures plunge overnight with Trump team defending tariffs

Stock market crash — Contracts on the S&P 500 Index were down 3.5 percent as of 5:38 a.m. in New York on Monday, after the underlying index sank 10 percent in the previous two sessions. (BLOOMBERG)

April 07, 2025 10:53 AM

U.S. equity futures plunged early today, putting the S&P 500 on track for a bear market as the Trump administration dug in on a trade war that economists warn will tip the world’s largest economy into recession.

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