U. S. stock index futures tanked ahead of Wednesday’s open, as a trade spat between the U. S. and other major economies intensified.
U. S. stock index futures tanked ahead of Wednesday’s open, as a trade spat between the U. S. and other major economies intensified.
Around 5:40 a.m. ET, Dow futures indicated a negative open of about 212 points. The Nasdaq and the S&P 500 futures indicated sharp losses at the start to their respective trading sessions.
Trade anxieties ramped up again Wednesday after President Donald Trump and his administration published late Tuesday a list of 10 percent duties on $200 billion worth of Chinese goods. The tariffs won’t come into effect immediately, but rather face a review process, with hearings taking place in mid-to-late August.
The announcement came just days after both nations imposed $34 billion worth of tariffs on each other.
