The S&P 500 Index ($SPX) (SPY) Monday closed down -0.23%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.91%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.19%. June E-mini S&P futures (ESM25) are up +0.30%, and June E-mini Nasdaq futures (NQM25) are up +0.71%.
Stock indexes on Monday settled mixed, with the S&P 500 falling to a 14-month low and the Dow Jones Industrials falling to a 15-month low. Equity markets worldwide sank on Monday because of concern that a trade war will push the global economy into recession. Over the weekend, President Trump dismissed the ongoing selloff in equity markets when he said to “forget the markets for a second” and pledged to continue with his tariff policies. Also, Treasury Secretary Bessent dismissed market concerns about slowing economic growth and inflation fears and insisted that an economic boom is on the horizon.
