Market Reacts to Trade Policies and Economic Warnings

Following the Easter holiday, United States stock futures opened lower, with President Donald Trump's trade policies continuing to cast a shadow over market sentiment. Federal Reserve Bank of Chicago President Austan Goolsbee highlighted concerns that the current economic uptick might be "artificially high," suggesting a potential downturn in the months ahead due to escalating tariffs.

China's Stance on Trade War Escalation

Amid growing tensions, China has issued a stern warning, vowing to retaliate against nations that sever trade ties with Beijing under US pressure. This development adds another layer of complexity to the already volatile global trade landscape.

Futures and Currency Movements

At 4:40 am ET, Dow Jones futures witnessed a significant drop of 1.08%, equivalent to 429 points. Similarly, Nasdaq 100 futures and S&P 500 futures fell by 1.34% and 1.28%, respectively. In currency markets, the euro appreciated by 1.49% against the dollar, trading at $1.15624 by 4:51 am ET.