Wall Street Braces for Potential Black Monday Amid Trade War Concerns

As the clock struck 1:50 am ET, the financial world watched in disbelief as Nasdaq 100 futures nosedived by a staggering 4.27%. Not far behind, Dow Jones futures slumped 2.75%, or a shocking 1,000 points, while S&P 500 futures plummeted 3.44%. The trigger? Escalating fears over the tariffs imposed by United States President Donald Trump, sending ripples across global markets.

In a surprising twist, the euro gained 0.50% against the dollar, trading at 1.10209 by 2:02 am ET, as investors scrambled for safer havens amidst the turmoil.