Wall Street Braces for Potential Black Monday as Trade War Tensions Escalate

As the clock struck 1:50 am ET, the financial world watched in alarm as Nasdaq 100 futures took a nosedive of 4.27%, signaling what could be remembered as the next Black Monday. The Dow Jones futures weren't far behind, slumping a staggering 2.75%, or 1,000 points, with S&P 500 futures also plummeting by 3.44%.

At the heart of this market turmoil are the tariffs imposed by United States President Donald Trump, a move that continues to send shockwaves through markets globally. By 2:02 am ET, the euro had gained 0.50% against the dollar, trading at 1.10209, as investors scrambled for safer assets.