S&P 500 drops 5.97% due to tariff fears, lowest level since 2024, further weakness expected

From Investing.com: 2025-04-07 09:15:00

The S&P 500 crashed below the 5,100 level, dropping 5.97% on Friday due to Trump’s tariff announcement. Investor sentiment is negative, with 61.9% bearish. The index is at its lowest since April 2024, with futures indicating a 1.8% drop today.

Last week, the S&P 500 plummeted by 9.08%, its worst performance since March 2020. Nasdaq 100 also fell 6.07%, losing 9.77% in a week. Technical supports have been broken, but a rebound may be possible.

The VIX surged above 60, showing extreme fear in the market. S&P 500 futures are down 1.8%, indicating further weakness. The market is facing its most severe selloff since COVID-19.



Read more at Investing.com: S&P 500: Can It Find Support After Tariff Fears Spark Historic Losses?