S&P 500 futures extended losses early Wednesday with a 1.6% intraday drop, falling to 444.32 and erasing nearly two days of gains.The move came as investors digested rising uncertainty surrounding U.S. trade policy, including potential new tariffs targeting Chinese semiconductors and pharmaceuticals.As of 8:00 A.M. GMT, futures on the benchmark index were down more than seven points from the previous close of 451.56.Bitcoin, meanwhile, continued to underperform across a range of global assets over the last 24 hours. Trading around $83,400 at the time of writing, the digital asset moved mostly sideways after retracing steep overnight losses, diverging from the broader flight-to-safety shift seen in traditional markets.The multi-asset comparison chart below captures the disconnect in market behavior since yesterday’s U.S. market open.Gold rose 2.7%, and U.S. 10-year bond prices gained 0.55%, reinforcing a defensive tilt in investor positioning. Even Chinese 10-year bonds, traditionally more insulated, posted a modest rise of 0.19%.Equities, however, faced broad selling pressure. E-mini S&P futures (ESM2025) dropped 2.06% while oil slid 1.13%, both reflecting renewed macroeconomic caution following the White House’s confirmation that U.S. tariffs on Chinese imports have effectively reached 145%.The losses come amid a new national security investigation into Chinese semiconductor and pharmaceutical exports,[...]
S&P 500 futures fall further as Bitcoin lags all major asset classes over last 24 hour
