Stock markets around the world tumbled on Monday ahead of Donald Trump's "Liberation Day" on Wednesday, which will impose a slew of tariffs on "all countries."
The Dow fell 292 points, or 0.6%, in pre-market trading, while the S&P dropped 0.9% and the tech-heavy Nasdaq was down 1.3%. Monday marks the end of an uncertain month for the market. The S&P 500 nearly hit correction territory in March as it dropped 9.2% below its all-time high, and is set to end the month down by more than 6%.
The US dollar has also had its biggest drop in years as it fell by 3.5%, a fall not seen since November 2023.
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