US investors braced for more volatility, bumps ahead of Monday trading open

Suzanne McGee

Sun, Apr 6, 2025, 11:49 AM 2 min read

By Suzanne McGee

(Reuters) - Investors were nervously awaiting the unfastened of U.S. trading aft Wall Street's selloff past week pursuing the Trump administration's tariffs announcement, anticipating different week of turbulence arsenic different nations react.

In the 2 days pursuing Trump's Wednesday tariff announcement, the benchmark S&P 500 scale fell 10.5% and mislaid astir $5 trillion successful marketplace value. It was the biggest two-day nonaccomplishment since March 2020. Thursday and Friday's steep descent enactment the S&P 500 down much than 17% from its February 19 all-time closing high, and brought it person to carnivore marketplace territory, which would beryllium a 20% decline.

Futures volition unfastened astatine 1800 ET (2200 GMT) Sunday, which volition springiness an denotation of however trading mightiness look connected Monday.

“The bull marketplace is dead,” said Mark Malek, main concern serviceman astatine Siebert Financial. “We mightiness spot immoderate gains successful the adjacent fewer days, but for present they’re not going to beryllium sustainable.”

The timing of the tariffs news, which coincided with the opening of the first-quarter net season, is contributing to the gloomy outlook, Malek said.

On Sunday greeting speech shows, Trump's apical economical advisers sought to represent the tariffs arsenic a savvy repositioning. Treasury Secretary Scott Bessent said connected NBC News' "Meet the Press" that determination was "no reason" to expect a recession.

Some traders judge the banal marketplace volition astatine slightest effort to signifier a comeback of sorts.

“Sometime this week it’s astir apt inevitable that we volition person an up day,” said Steve Sosnick, main concern strategist astatine Interactive Brokers.

The question remains astir the sustainability of immoderate rally.

“We whitethorn spot a time this week wherever screens are green, but immoderate lasting rally whitethorn not get for 3 oregon 4 weeks,” said Alex Morris, main concern serviceman astatine F/m Investments. “At that point, radical volition commencement saying we’ve taken capable aerial retired of the balloon.”

(Reporting by Suzanne McGee; further reporting by Sinead Carew; Editing by Leslie Adler)