U.S. Stock-Index Futures Slide as Global Trade Concerns Linger
By Matthew Burgess
Updated on
S&P 500 Index futures contracts fall as much as 0.7 percent
Every industry sector of the Stoxx Europe 600 Index declines
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U.S. stock futures fell during European and Asian hours as trade tensions continued to cast a pall over markets.
Futures contracts on the S&P 500 Index were down 0.6 percent as of 10:10 a.m. in London after falling as much as 0.7 percent in early trading. Contracts on the Dow Jones Industrial Average and Nasdaq declined 0.7 percent and 0.9 percent, respectively.
Shares slid across Asia and Europe as the world’s largest trading partners approach deadlines on tariffs in the next two weeks. The Treasury Department is planning to heighten scrutiny of Chinese investments in U.S. companies involved in technologies such as new-energy vehicles, robotics and aerospace, according to eight people familiar with the plans.
“The United States is insisting that all countries that have placed artificial Trade Barriers and Tariffs on goods going into their country, remove those Barriers & Tariffs or be met with more than Reciprocity by the U.S.A.,” Trump said in a tweet. “Trade must be fair and no longer a one way street!”
