On Sunday, global financial markets became the epicenter of turmoil. Major US futures entered the new trading week with a significant slump, signaling growing investor concerns about the economy's future. The steep decline in S&P 500, Dow, and Nasdaq futures drew particular attention, triggered by the escalation of trade tensions between the US and key partners.
US equity index futures continued their downward slide on Friday as market participants absorbed the latest employment data from the nonfarm sector. The US Department of Labor’s report for March revealed the creation of 228,000 new jobs – a number that substantially surpassed analyst expectations of 135,000. Meanwhile, the unemployment rate came in at 4.2%, slightly above the anticipated 4.1%, while average hourly earnings rose by a steady 0.3%, matching forecasts.
Recent data on U.S. stock futures indicates a continued downturn. According to Odaily, Nasdaq $^NDX futures have dropped by 2%, S&P 500 $^SPX futures are down 1.66%, and Dow Jones Industrial Average $^DJI futures have fallen 1.4%. This trend raises concerns among analysts and traders, who are keen to understand the factors behind this decline and its potential impact on future market dynamics.
