Following President Donald Trump’s imposition of tariffs on a number of important U.S. trading partners, stock futures fell at the beginning of February, escalating concerns that a full-scale trade war would disrupt global supply chains, rekindle inflation, and slow the economy.
Dow Jones Industrial Average-related futures dropped 553 points, or 1.2%.
While Nasdaq-100 futures fell 1.7%, S&P 500 futures fell 1.4%. The benchmark small-cap index, the Russell 2000, saw a 2.1% decline in futures.
Wall Street’s worry indicator, the Cboe Volatility Index, momentarily rose beyond 22 before hovering around 19.
Source (CNBC)