U.S. STOCKS DUMPING HARD
PRAY FOR CRYPTO !!
Recent developments have led to significant declines in both U.S. stock and cryptocurrency markets.
On Sunday evening, stock futures experienced substantial drops following the U.S. government's decision to impose tariffs on imports from Canada, Mexico, and China. The Dow Jones Industrial Average futures fell over 500 points (1.2%), S&P 500 futures decreased by 1.9%, and Nasdaq futures declined by 2.8%. These tariffs, effective Tuesday, include a 25% levy on imports from Canada and Mexico and a 10% levy on goods from China. In response, Canada, Mexico, and China have announced plans for retaliatory tariffs, escalating concerns about a potential global trade war.
As of the latest data, the SPDR S&P 500 ETF Trust (SPY), which tracks the S&P 500 index, is trading at $601.82, reflecting a slight decrease of 0.499% from the previous close.
The cryptocurrency market has also been affected by these developments. Bitcoin, for instance, has seen a decline of approximately 6%, currently trading at $94,283, down from an intraday high of $100,461. Other cryptocurrencies, such as Ethereum and Solana, have also experienced notable decreases in their valuations.
