Worries About Impact Of Tariffs May Lead To Continued Nosedive On Wall Street

India, April 7 -- The major U.S. index futures are currently pointing to a sharply lower open on Monday, with stocks likely to extend the sell-off seen over the two previous sessions.

Concerns about the impact of President Donald Trump's new tariffs and retaliatory moves by U.S. trade partners are likely to continue to weigh on Wall Street.

In his closely watched annual letter to shareholders, JPMorganChase (JPM) CEO Jamie Dimon warned the tariffs will likely lead to higher inflation and slow down growth.

Continued weakness on Wall Street could drag the S&P 500 into bear market territory, with the index potentially slumping more than 20 percent from its record closing high in February.

Responding to the nosedive on Wall Street in remark...