Wall Street futures tumble
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Reuters |
U.S. stock index futures plunged on Thursday as President Donald Trump's sweeping tariffs on major trade partners sparked fears of a full-blown trade war and raised the risk of tipping the global econ...
Yahoo |
But responses were measured, highlighting a lack of appetite among key trading partners for an outright trade war with the world's biggest economy.
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Wall Street experienced a significant drop as a new inflation report revealed rising prices and declining consumer confidence, with many Americans cutting back on spending in certain areas.
Eastern time, the S&P 500 was down 3.3%, the Dow Jones Industrial Average was down 2.7%, and the Nasdaq Composite was 4.5% lower.