Wall Street Braces for Impact as Trade War Fears Intensify

Concerns over the latest 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 dramatic pre-market moves highlight the growing anxiety among investors worldwide.

Pre-Market Turmoil: A Closer Look at the Numbers

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

Meanwhile, the euro gained 0.50% against the dollar, trading at 1.10209 by 2:02 am ET, as investors sought safer havens amid the market turmoil.