Live Updates: Stock Market Futures Open at 6 PM – Will the Nasdaq Composite Face a Black Monday?
Live Updates
New Blog is Active - Markets Crashing on Monday
We have two live blogs this morning:
Live Updates: Will the Nasdaq Composite See Another Black Monday?
Live Updates: Magnificent 7 Stocks Apple, NVIDIA, and Microsoft See Share Prices Sink Again Monday
The first blog is following general market movements while the second focuses on Magnificent 7 stocks.
Selling is intense at the open with the Nasdaq down 4.5%, the S&P 500 down 4.2%, and the Dow Jones down 4.2%.
The S&P 500 is now in bear market territory.
Check Our New Live Blog
This live blog has concluded, but we’ve created a new live blog to track the market’s biggest news on April 7th. Follow this link to access our newest live blog that’s covering the market on Monday morning.
Japan's Stock Market Imploding
Japan’s stock market is open and the Nikkei 225 is falling fast, down 7.5%. Financials and semiconductors are leading losses as investors bet against companies with cyclical exposure.
Updated Check of Futures
As of 7:40 ET, here’s an updated look at futures:
- Dow Jones: Down 1500 points (-3.81%)
- S&P 500: Down 220 points (-4.20%)
- Nasdaq: Down 903 points (-5.13%)
S&P 500 Futures Back to -3.9%
Markets continue improving, with S&P 500 Futures down 3.9%. There is a good chance we could be past peak panic now, although markets will see significant movement tomorrow morning.
Past Peak Declines?
S&P 500 futures have moderated back to about a 4.2% decline, which is below the peak decline seen earlier. We’ll see if we’ve past peak selling.
Are You Ready for Some Optimism?
I know you’re probably not looking for sunshine and rainbows on a live blog about market futures crashing another 5% after one of the worst two-day trading stretches in market history.
Yet, 24/7 Wall Street was founded on the fundamental principle that the stock market is the best wealth-building tool accessible to most investors over the long run. So, we must provide some context beyond the headlines about the current market drop.
So, we should note that after the biggest two-day declines since 1950, every time the market has dropped 9% or more across two days it returned more than 100% across the next five days.
I will personally be looking to put some cash to work in tomorrow’s market. There could be more down days ahead, but I like my odds of making money across the coming years from the prices we could see tomorrow morning.
More Reasons to Worry...
As if the stock declines weren’t bad enough, there are other assets to watch after-hours. We already discussed how crypto prices crashed which signaled how ugly the futures open would be, but another market to watch is commodities.
For example, copper futures are absolutely plummeting right now. As Bloomberg’s Joe Weisenthal notes, if investors expected an industrial bailout we wouldn’t see these futures off 8%. It’s just another sign the market is pricing in a protracted trade war.
Approaching the Peak of Covid
The worst of Covid saw an 18% crash in 13 business days, we’re now approaching close to that number with S&P futures implying more than a 15% drop in three trading days.
Historic.
S&P 500 Futures Now Down 5%
We have now passed a 5% decline in S&P 500 futures. This is truly panic selling. The question is, does this hold into tomorrow or will there be a relief rally?
Circuit Breakers Tomorrow?
As a reminder where circuit breakers hit, here’s what we’re looking at tomorrow:
Level 1 (7% decline): Halts trading for 15 minutes if the S&P 500 falls 7% before 3:25 p.m. ET.
Level 2 (13% decline): Halts trading for 15 minutes if the S&P 500 falls 13% before 3:25 p.m. ET.
Level 3 (20% decline): Halts trading for the remainder of the day if the S&P 500 falls 20%.
It's Another Bloodbath
S&P 500 futures are now down more than 3.8% while Nasdaq futures are down 5%. If this holds it would be a third straight day of historic selling.
Stock Returns Since Liberation Day
Ready for the updated returns (including futures market action) since the announcement of ‘Liberation Day’ tariffs?
Here are the grizzly numbers:
- S&P 500: -13.9%
- Nasdaq: -15%
- Dow Jones: -12.7%
Stock Market Futures Are Open
Stock market futures just opened and the headline is the S&P 500 is down 2.6%. This is a developing situation that we will continue updating.
Here We Go...
Futures open in less than five minutes. We’ll be updating this blog with live reactions. So if you’re on this page, you can manually refresh as we expect a series of updates and reactions from the futures open.
Major Wall Street Trading Desks Staffed for Tonight's Future Open
Here’s a sign tonight could be brutal, there are multiple reports that Wall Street firms are staffing up for tonight’s futures open and are prepared for ‘intense selling.’
On Thursday following Trump’s tariff announcement the S&P 500 fell 4.88%, almost identical to its drop the day the market opened after 9/11. Then Friday was even worse. Between the two days, the market dropped 10.5%.
The Nasdaq Composite is now in a bear market, and the Russell 2000 is down nearly 25% from recent highs.
So, you can see why the market is on edge as Futures Markets open in less than an hour at 6 p.m. ET. We will be updating this blog live with market reactions as futures open.
Crypto Slides Before Futures Open
One ominous sign before futures markets open at 6 p.m. ET is price action in crypto markets today. Bitcoin (CRYPTO: BTC) was trading at north of $82,600 shortly before noon, but began a massive nose dive that lasted until about 3 p.m. ET. Bitcoin is now trading for less than $79,000 per Bitcoin. Does the timing of this sell-off have anything to do with traders wanting to get out of crypto assets before market futures open?
Who Wants to Negotiate on Tariffs?
Friday’s sell-off was triggered by China playing a ‘Reverse’ Uno card and issuing 34% tariffs back on the United States. That action signaled that most countries would begin a trade war rather than attempting to negotiate with the Trump Administration. As you can imagine, a global trade war is worse for the global economy than alternative scenarios like negotiating free trade blocks.
Trump officials said this weekend that over 50 countries have reached out wanting to negotiate. One notable country is Taiwan, which over the weekend said they’d prefer negotiations to punitive tariffs. If Trump were to announce some window of no reciprocal tariffs for negotiating countries we could see a major bounce in equity markets across the world.
Eric Bleeker has been investing for more than 20 years. He began his career working at Microsoft before joining Motley Fool, one of the largest publishers of financial research. In his 15 years at Motley Fool Eric served as the General Manager for Fool.com and led coverage in the Technology & Telecom sector. In addition, he was a featured columnist and has hosted dozens of investing seminars attended by more than a million total investors. Eric has more than 1,000 financial bylines to his name and has been featured in The Wall Street Journal, CNBC, Fox Business, and many other leading publications. He is currently focused on artificial intelligence investing and is a CFA Charterholoder.
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