U.S. stock futures pointed to extended loss on Monday morning as the White House remained undeterred despite a record two-day stock market decline, prompted by President Donald Trump’s surprising steep tariffs on major U.S. trade partners.
Futures for the Dow Jones Industrial Average dropped approximately 1,560 points, signaling a 4% fall, setting the stage for yet another tumultuous trading day. Meanwhile, S&P 500 futures declined by 4.50% and Nasdaq-100 futures sank 4.90%, as investors offloaded tech stocks to amass cash.
Across the Atlantic, the pan-European Stoxx 600 index opened with a 6% loss, reflecting widespread declines across all sectors and key exchanges. Germany’s DAX index plummeted over 9.5% in early trading.
