US stock indexes edged higher in premarket trading following Wall Street’s biggest one-day drop of the year.
Mega-cap stocks showed signs of recovery after Monday’s sharp declines, which saw Tesla plunge 15.4%, Nvidia drop 5.1%, and Meta slide 4.4%.
In premarket trading, Nvidia climbed 1.6%, while Meta and Amazon gained 0.7% and 0.4%, respectively. Tesla rebounded 4.7%.
Monday’s sell-off was triggered by Donald Trump’s warning that the US economy faces a “period of transition” as he implements global import tariffs. The sharp downturn erased $4 trillion (£3.1 trillion) from the S&P 500’s peak last month.
Ahead of the opening bell, the Dow Jones Industrial Average rose 0.3%, the S&P 500 gained 0.4%, and the Nasdaq 100 was up 0.5%.
Trump to Meet Wall Street Executives Following Market Sell-Off
Donald Trump is set to meet with executives at the White House today as his tariff policies continue to rattle US stock markets.
The president will hold discussions with Washington-based business leaders just a day after the Nasdaq recorded its worst losses since 2022.
Bloomberg reports:
US President Donald Trump is scheduled to meet with top business executives on Tuesday, as industry leaders grapple with uncertainty about wide-ranging tariffs and a market selloff driven by recession fears.
The meeting with the Washington-based Business Roundtable is set to include chief executives from around the country, including the bosses of Wall Street lending giants, according to people familiar with the matter.
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