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Earnings estimates have dropped for 15 straight weeks and may fall further, says Liz Ann Sonders

Last Updated: April 3, 2025 at 7:39 a.m. ET

First Published: April 3, 2025 at 6:52 a.m. ET

President Donald Trump’s tariff plans have been delivering plenty of shock and awe across global markets. Closer to home, futures are pointing to a 1,200-point-plus plunge for the Dow industrials DJIA and potentially the worst day since 2022 for the S&P 500 SPX.

Some calm voices have been trying to prevail:

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