Dow Futures were down as much as 350 points Sunday night projecting a potential down day on Wall Street Monday after the long Easter weekend.
Futures markets portend the opening of the next trading day.
Futures markets for the Dow Jones Industrial Average were down as much as 350 points in Sunday pre-trading, according to CNBC.
Nasdaq Futures were down 160 points and S&P 500 Futures were down close to 0.9% Sunday evening.
U.S. stock markets were closed for the Good Friday Christian holiday.
Markets are still concerned about President Donald Trump’s tariffs and their potential for higher prices and slower growth (stagflation).
The U.S. administration has not announced any new trade deals after Trump retreated on high tariffs and put a 10% import tax levy on all countries under his “Liberation Day” regime – except for China.
There have been movements away from U.S. equities and the U.S. dollar since Trump launched his trade wars.
Trump could also try to fire Federal Reserve Chairman Jerome Powell before his term ends next year.
That could spark a legal fight.
Trump wants Powell to cut interest rates. The Fed chair wants to see the impact of Trump’s tariffs and trade war with China before taking action.