Why did S&P 500 E-mini futures plunge about 3.3% in premarket trading on April 2, 2025, after President Trump announced sweeping global tariffs on imports?
Explanation
S&P 500 futures fell 3.26% after Trump announced tariffs on 92 countries. Goldman estimated every 5-point tariff increase could cut S&P earnings 1-2%, triggering defensive rotation to gold and Treasur...
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