Wall Street Braces for Potential Black Monday as Trade War Fears Intensify

Concerns over the tariffs imposed by United States President Donald Trump continue to send shockwaves through global markets, with index futures signaling a steep decline at the opening bell.

Market Futures Show Sharp Declines

At 1:50 am ET, the Nasdaq 100 futures were down a staggering 4.27%, while the Dow Jones futures and S&P 500 futures also saw significant drops of 2.75% (1,000 points) and 3.44%, respectively.

Euro Gains Against the Dollar

In currency markets, the euro appreciated by 0.50% against the dollar, trading at 1.10209 by 2:02 am ET, as investors sought safer havens amidst the market turmoil.