S&P 500 expected to open 1.7% lower due to escalating tariffs and bearish sentiment

From Investing.com: 2025-04-09 09:19:00

The S&P 500 closed below 5,000 for the first time in nearly a year, with stocks expected to open 1.7% lower today amid volatility. China raised tariffs on U.S. goods to 84%, in response to President Trump’s 50% hike on Chinese imports, totaling a 104% tariff. Investor sentiment is bearish, with only 21.8% feeling bullish. The Nasdaq 100 dropped 1.95% due to escalating tariffs, breaking technical supports. The VIX closed above 50, showing extreme fear in the market. S&P 500 futures indicate another decline, possibly forming a double-bottom pattern. Overall, the market outlook remains neutral amidst escalating trade tensions.



Read more at Investing.com: S&P 500 Prepares for Lower Open, but Bargain Hunting Supports Rebound Hopes