Wall Street Braces for Impact as Trade War Concerns Escalate

In what many are calling the next Black Monday, Wall Street is poised for a significant downturn. The catalyst? Growing anxieties over the tariffs recently imposed by United States President Donald Trump, which are sending shockwaves through global markets.

Market Futures Show Sharp Declines

At 1:50 am ET, the Nasdaq 100 futures witnessed a dramatic nosedive of 4.27%, while the Dow Jones futures weren't far behind, slumping 2.75% or a staggering 1,000 points. The S&P 500 futures also took a hit, plummeting 3.44%.

Euro Gains Ground Against the Dollar

Amid the market chaos, the euro managed to climb 0.50% against the dollar, trading at 1.10209 by 2:02 am ET.