US Stock Market Live: Dow futures surge 1,050 points; Bessent calls China move a 'big mistake'

US Stock Market Live: Futures on Wall Street are seeing some semblance of a rebound from lower levels late Monday evening after three days of turmoil has left the market bruised. Futures linked to the Dow Jones are up over 400 points, while those linked to the S&P 500 and the Nasdaq are up over 60 points and close to 200 points respectively. Monday's session was marred by wild swings in what resulted in the Dow Jones witnessing its biggest intraday swing on record. The S&P 500 briefly entered bear market territory, while the Nasdaq, still in that zone, ended above the flat line after some buying interest emerged in megacap tech stocks.

US Stock Market Live: Wall Street futures are still holding on to gains even as the deadline to impose another 50% tariffs on China draws closer. The Dow Futures are trading 1,050 points higher, while those on the S&P 500 and the Nasdaq are trading with gains of 125 points and 410 points respectively. Futures are gaining after a sharp three-day sell-off, which wiped out nearly $10 trillion from the US equity market capitalisation. China has vowed that it will fight till the very end when it comes to the tariff imposition, although it did not mention any rollback of the 34% levy it announced last Friday. More brokerages have begun downgrading Wall Street with BlackRock joining the list, who downgraded the US market to "neutral." Goldman Sachs has also raised its recession probability to 45% and warned that it fears this sell-off could turn into a cyclical bear market, which lasts two years on average. Watch this space for all the live updates.