US Stock Futures Experience Significant Drop

On Thursday, major United States futures saw a notable decline. Investors appeared dissatisfied with the latest earnings reports, particularly from IBM, which saw its shares plunge nearly 8% in the premarket trading session.

Trade Relations Between US and China Remain Unresolved

Despite the Trump administration showing a softer stance on trade issues with China, tangible progress remains elusive. Officials from Beijing have clarified that negotiations between the two nations are currently not underway.

Market Performance at a Glance

By 4:11 am ET, the Dow Jones had slid 0.61%, or 242 points. Shortly after, the Nasdaq 100 plummeted 1%, or 187 points, and the S&P 500 declined by 0.76%.

Euro Strengthens Against the Dollar

At 10:23 am ET, the euro was trading 0.55% above the dollar, with the exchange rate standing at 1.13769.