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Bessent said "what I've been very impressed with is the market infrastructure, that we had record volume on Friday."

ABOARD AIR FORCE ONE (Reuters) -U.S. President Donald Trump said on Sunday foreign governments would have to pay "a lot of money" to lift sweeping tariffs that he characterized as "medicine," prompting further carnage in global financial markets. Asian stocks posted steep losses in early trading on Monday and U.S. stock market futures opened sharply lower as investors registered concerns that Trump's tariffs could lead to higher prices, weaker demand, lower confidence and potentially a global recession. Speaking to reporters aboard Air Force One, Trump indicated he was not concerned about losses that have already wiped out trillions of dollars in value from share markets around the world.

Widening credit spreads could be sign of further trouble for risk-on positioning.

Having trouble picking a stock post Liberation Day carnage? You aren't alone.

Tariffs will be at the center of the market action in the week ahead as Trump's latest announcements have sent stocks reeling.

Saudi Arabia, the world's top oil exporter, on Sunday slashed its prices for Asian buyers to close to their lowest level in four years, adding to speculation it is seeking to regain market share as part of OPEC+'s strategy to speed up oil output hikes. State oil company Saudi Aramco cut the May official selling price (OSP) for flagship Arab Light crude by $2.30 to $1.20 a barrel above the average of Oman and Dubai prices, a pricing document from the producer showed. The drop marks the biggest decline in more than two years and is the second consecutive month Aramco has lowered its prices, Reuters' record of Saudi OSPs showed.

Bitcoin (CRYPTO: BTC) fell by 5.4% on April 3 as the Trump administration's newly announced tariff policies were digested by the market. Now, with economic uncertainty sky-high and investors looking for havens from the turmoil, it's an open question whether the tariffs might deal severe harm to the cryptocurrency sector -- or if crypto might just end up getting dragged down along with everything else. The first thing that investors need to realize -- if they don't already -- is that Bitcoin is not something that's commonly used as a medium for processing international trade payments.