US stocks opened the week in negative territory on Monday as investors kept a close watch on developments in President Donald Trump’s trade negotiations. Persistent uncertainty surrounding trade deals and tariffs dragged key indexes lower, with technology shares leading the losses.
At 9:32 a.m. ET, the Dow Jones Industrial Average was down 354.47 points, or 0.91%, at 38,787.76. The S&P 500 fell 55.12 points, or 1.04%, to 5,227.58, while the Nasdaq Composite dropped 219.82 points, or 1.35%, to 16,066.62.
Market sentiment remained cautious amid a lack of progress in ongoing trade discussions, while fresh geopolitical and economic risks kept investors on edge.
Safe-haven buying lifted gold sharply, with prices jumping 3.04% to $3,429.70 per ounce — up $101.30. Conversely, oil prices declined $1.60, or 2.47%, to $63.08 a barrel, reflecting concerns over global demand amid trade tensions.
The yield on the US 10-year Treasury note rose to 4.379%, up 0.052 basis points, signaling some movement in bond markets. Meanwhile, the euro gained nearly 1% against the US dollar to trade at 1.15.
Volatility also ticked up, with the CBOE Volatility Index (VIX) climbing 8.47% to 32.16.
Investors are also bracing for earnings reports from major tech companies this week, as the “Magnificent Seven” prepare to release their latest financials in the shadow of market turbulence.
Meanwhile, Asian stock markets were mostly higher on Monday, even as US futures declined and investor sentiment remained cautious ahead of major tech earnings reports and lingering concerns over President Donald Trump’s trade policies.
Futures for the S&P 500 dropped 1.1%, while Dow Jones Industrial Average futures fell 0.9%. Oil prices also declined, with US benchmark crude shedding $1.24 to $62.77 per barrel and Brent crude falling $1.23 to $67.02.
Markets in several countries, including the US, Hong Kong, and Australia, were closed for Easter holidays.
Tensions surrounding the US trade war under President Trump continue to weigh on global markets. Economists have warned that sustained and
Meanwhile, Asian stock markets were mostly higher on Monday, even as US futures declined and investor sentiment remained cautious ahead of major tech earnings reports and lingering concerns over President Donald Trump’s trade policies.
Futures for the S&P 500 dropped 1.1%, while Dow Jones Industrial Average futures fell 0.9%. Oil prices also declined, with US benchmark crude shedding $1.24 to $62.77 per barrel and Brent crude falling $1.23 to $67.02.
Markets in several countries, including the US, Hong Kong, and Australia, were closed for Easter holidays.
Tensions surrounding the US trade war under President Trump continue to weigh on global markets. Economists have warned that sustained and aggressive tariff measures could push the global economy toward a recession. Additionally, a weakening US dollar—falling to 140.76 yen, its lowest since September—has raised concerns about a potential erosion in investor confidence in the US as a safe-haven destination.
“The reputational hit to the US brand is real, and it’s not fading quietly into the next news cycle,” said Stephen Innes of SPI Asset Management in a note.
The euro also climbed to $1.1473 from $1.1404.
Investor focus this week is on the earnings season for the “Magnificent Seven” tech companies: Apple, Microsoft, Nvidia, Amazon, Tesla, Google parent Alphabet, and Facebook parent Meta. As of April 20, their combined market value had fallen by $3.8 trillion, or 22%, since Trump’s inauguration.
Tesla is set to report its full first-quarter financials on Tuesday, following an earlier disclosure of a 13% year-over-year drop in vehicle deliveries. The electric carmaker has significant production operations in Shanghai.
In Japan, the Nikkei 225 fell 1.3% to 34,279.92, pressured by uncertainty over trade negotiations with the US Japanese automakers face a 25% tariff on auto and parts exports to the US
China’s Shanghai Composite rose 0.5% to 3,291.73, and South Korea’s Kospi edged up 0.2% to 2,488.42. India’s Sensex climbed 1.1%, while Taiwan’s Taiex slipped 1.5%.
Bitcoin gained nearly 3.5% to around $87,580.
In the bond market, the yield on the 10-year US Treasury note rose to 4.36% from 4.32% on Thursday. US stock markets were closed Friday; on Thursday, the Dow lost 1.3%, the S&P 500 edged up 0.1%, and the Nasdaq fell 0.1%.