Overseas shares and U.S. futures advanced Tuesday markets calmed somewhat after the shocks from President Trump 's tariff hikes.

U.S. stock index futures struggled on Wednesday after a heavy sell-off in the previous session, as President Donald Trump's reciprocal tariff took effect, deepening worries about their damage to the global economy.

Stock futures fall as President Trump’s tariffs kick in setting the S&P 500 up for a fifth straight day of losses. This as the VIX, the CBOE’s volatility index or so-called fear gauge, hits levels not seen since the COVID pandemic.

Futures on Wall Street are off to a negative start after regular trading closed on Tuesday, ending yet another session marred by wild swings. The Dow Futures are down over 400 points, while those linked to the S&P 500 are down 60 and the Nasdaq are down over 200 points respectively.

A slate of tariffs from the Trump administration are set to take effect shortly after midnight Wednesday, including an expected 104% duty on China.

Asian stocks were mostly lower and US stock futures tumbled Wednesday after President Donald Trump’s enormous “reciprocal” tariffs went into effect, upending global trade.

Brent crude futures and options contracts traded on the Intercontinental Exchange (ICE) hit record volumes on Friday, surpassing levels seen during the COVID-19 pandemic as investors braced for a global trade war and OPEC+ oil output hikes.

U.S. stock futures fell sharply on Sunday evening as the Trump administration showed no signs of backing off from a wide-ranging plan to impose tariffs.

As markets continue to plummet in response to incoming tariffs, the S&P Global 500 has started to fall into what appeared to be bear market territory.

By Pranav Kashyap and Purvi Agarwal (Reuters) -Wall Street futures fell on Monday and the benchmark S&P 500 was set to confirm a bear market as investors piled into government bonds on worries over the ramifications of U.