By Suzanne McGee and Sinéad Carew
(Reuters) -U.S. stock futures opened sharply lower late on Sunday, suggesting a continuation of the two-day selloff that wiped trillions from equity values after the Trump administration’s tariffs announcement last week.
Investors had been anticipating another week of turbulence as global trading partners react to the harsher-than-expected tariffs. U.S. S&P 500 E-minis stock futures were last down 4%. Dow E-minis were down 3.8%, while Nasdaq 100 E-minis were down 4.6% at the open on Sunday.
In the two days following Trump’s Wednesday tariff announcement, the benchmark S&P 500 index fell 10.5% and lost about $5 trillion in market value. It was the biggest two-day loss since March 2020. Thursday and Friday’s steep slide put the S&P 500 down more than 17% from its February 19 all-time closing high, and brought it closer to bear market territory,…
