The U.S. economy contracted early this year as businesses imported a massive trove of goods before President Donald Trump’s sweeping tariffs took effect, widening the trade deficit and curtailing growth.

Futures on the Dow Jones Industrial Average (DJI) and Nasdaq-100 Index (NDX) are both down more than 300 points, while S&P 500 Index (SPX) futures are firmly lower as well. Investors are also unpacking a flood of corporate earnings and the ADP employment report,

Trump makes a momentous political comeback, breaking through the "blue wall" to win 312 electoral votes. Trump becomes only the second US president in history to be elected to non-consecutive terms, following Grover Cleveland (the 22nd and 24th US president).

President Trump is defending his economic policies while urging Americans to "be patient" amid the tumult of markets and overall economy.

President Donald Trump's second term has reached its 100-day milestone, and the performance of the S&P 500 during that period is the second-worst for an administration since 1945.