US Futures Plunge On Tariff Fallout, Stir 'Great Depression-Style' Fears; Bitcoin, Ethereum, XRP, And Dogecoin Nosedive, Wiping Out $1.42 Billion In Liquidations; Tesla's Cybertruck Faces Brutal Backlash—Experts Call It Costly Misstep – Top Headlines While the U.S. Slept

Benzinga
2025.04.07 14:07
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US stock futures plummeted following a massive selloff triggered by tariffs, with experts warning of a potential 'Great Depression-like' scenario. The Dow dropped over 2,200 points, while major tech stocks like Apple and Tesla faced significant losses. Cryptocurrencies also suffered, with Bitcoin and Ethereum seeing substantial declines, resulting in $1.42 billion in liquidations. Analysts predict a rising risk of recession, with Goldman Sachs estimating a 45% chance. The market turmoil has raised concerns about the impact of Trump's tariff policies on the US economy and global markets.