#MarketPullback The global markets witnessed a significant decline at the beginning of trading today, Monday, May 5, 2025, due to escalating trade tensions and unexpected economic policies.
📉 Key updates in the markets:
1- Decline in U.S. stock futures: Dow Jones futures dropped by 270 points (0.7%), while S&P 500 futures fell by 0.9%, and Nasdaq 100 by 1.1%, following President Trump's announcement of a 100% tariff on foreign films, raising fears of renewed trade wars.
2- Impact on technology and media companies: Stocks of companies like Nvidia and Tesla saw a decrease of 1.4% and 0.9% respectively, while shares of Netflix and Disney fell by nearly 6% and 3% in pre-market trading.
3- Earnings forecast downgrade: Analysts on Wall Street lowered their earnings expectations for the second quarter for S&P 500 companies by 2.4%, which is higher than the historical average of 1.9%, due to concerns over tariffs, inflation, and economic uncertainty.
In conclusion, with ongoing trade tensions and economic uncertainty, analysts expect continued volatility in the markets in the short term. It is important for investors to closely monitor political and economic developments and make informed investment decisions based on available information.