Market Downturn Amid Disappointing Earnings

Major United States futures experienced a significant drop on Thursday, with investors reacting negatively to the latest earnings reports. IBM saw a sharp decline of almost 8% in the premarket, contributing to the overall market slump.

Trade Relations Between US and China Remain Stalled

Despite the Trump administration showing a softer stance on trade issues with China, no progress has been made. Beijing officials confirmed that the two countries are not currently engaged in negotiations.

Market Indices and Currency Movements

By early morning, the Dow Jones had slid 0.61%, or 242 points, while the Nasdaq 100 plummeted 1%, or 187 points. The S&P 500 also declined by 0.76%. Meanwhile, the euro strengthened against the dollar, trading 0.55% higher.