Wall Street futures plunge after Trump threatens China with further tariffs
Updated : May 06, 2019 07:38 AM IST
After easing losses for a while, US futures lost more ground and hit a fresh session low after the Wall Street Journal reported that China was considering canceling a round of US talks set for this week because of Trump’s comments.
Chinese officials were scheduled to meet their US counterparts in Washington on Wednesday after meeting in Beijing last week for a round that Treasury Secretary Steven Mnuchin described as “productive.”
S&P 500 e-minis were down 54.75 points, or 1.86 percent, with 175,429 contracts changing hands. Nasdaq 100 e-minis were down 168 points, or 2.14 percent, in volume of 46,116 contracts and Dow e-minis were down 484 points, or 1.83 percent, with 26,617 contracts changing hands.