Wall Street Braces for Impact as Trade War Fears Escalate

Concerns over the tariffs imposed by United States President Donald Trump are sending shockwaves through global markets, with Wall Street poised for what some are calling the next Black Monday. The early hours saw futures take a dramatic hit, signaling a potentially devastating day for investors worldwide.

Futures Take a Nosedive

At 1:50 am ET, the Nasdaq 100 futures plummeted by 4.27%, while the Dow Jones futures saw a staggering drop of 2.75% or 1,000 points. Not to be outdone, the S&P 500 futures also suffered, falling by 3.44%.

Euro Gains Against the Dollar

In the midst of the chaos, the euro managed to gain 0.50% against the dollar, trading at 1.10209 by 2:02 am ET, offering a glimmer of hope in an otherwise bleak financial landscape.