Reuters reported that futures linked to the S&P 500 dropped further on Monday, marking a decrease of over 20% from their peak levels, indicating a potential bear market as recession concerns weighed heavily on global markets.

President Donald Trump mentioned that investors should be prepared for market declines, denying any deliberate action from his end to trigger a downturn. He emphasized that resolving the trade deficit with China was crucial for any potential deal.

As of 04:20 a.m. ET, S&P 500 E-minis were down by 166 points, translating to a 3.25% decrease from the highest point reached in December. Concurrently, Dow E-minis were also down by 1,162 points (3.02% decrease), and Nasdaq 100 E-minis recorded a decline of 639.75 points (3.65% decrease).

The information was provided by Shashwat Chauhan from Bengaluru.