US Futures Take a Hit Amid Earnings Disappointment

Investors reacted negatively to the latest earnings reports, causing a notable slump in major United States futures. IBM was among the hardest hit, with its shares dropping nearly 8% in premarket trading.

Trade Tensions Between US and China Remain Unresolved

Despite the Trump administration showing a softer stance on trade issues with China, Beijing officials confirmed that negotiations have not yet resumed. This lack of progress adds to the market's uncertainty.

Market Figures Reflect the Downturn

By early morning, the Dow Jones had fallen by 0.61%, or 242 points, while the Nasdaq 100 and S&P 500 also saw significant declines of 1% and 0.76%, respectively.

In currency markets, the euro strengthened against the dollar, trading 0.55% higher at 1.13769 by mid-morning.