US Stock Market Live: Dow futures down 600 points as tariffs take effect; European stocks set to open lower

US Stock Market Live: Futures on Wall Street have extended their losses indicating that the four-day rout in the US markets is likely to spill over into a fifth day as well. The Dow Futures are down over 950 points, while those linked to the S&P 500 are down 130 and the Nasdaq are down over 450 points respectively. The reciprocal tariffs announced by the Trump administration last week, have taken effect. So far, there has been no retaliation from China, as it now faces a 104% levy on imports as the additional 50% tariff imposition by the US has also taken effect. Canada has announced retaliatory tariffs of 25% on auto imports from the US.

US Stock Market Live: Futures on Wall Street have extended their losses indicating that the four-day rout in the US markets is likely to spill over into a fifth day as well. The Dow Futures are down over 950 points, while those linked to the S&P 500 are down 130 and the Nasdaq are down over 450 points respectively. The reciprocal tariffs announced by the Trump administration last week, have taken effect. So far, there has been no retaliation from China, as it now faces a 104% levy on imports as the additional 50% tariff imposition by the US has also taken effect. Canada has announced retaliatory tariffs of 25% on auto imports from the US. Asian currencies are trading at record lows, while Chinese stock markets have resumed their declines as well. There has also been a sharp surge in the US 10-year treasury yield. Gold prices are steady around $3,000, while crude oil prices have continued to fall. Keep watching this space for all the latest developments.