U.S. stocks were poised to keep sliding Friday, building on a selloff prompted by fears of a global trade war.
Those worries were sparked by President Donald Trump’s announcement that the U.S. will impose tariffs on steel and aluminum imports. Some of the U.S.’s biggest trading partners have already threatened to retaliate.
Futures for the Dow Jones Industrial Average dropped 133 points, or 0.5%, to 24,570, while those for the S&P 500 index slipped 9.70 points, or 0.4%, to 2,678.50. Futures for the Nasdaq-100 Index gave up 27.25 points, or 0.4%, to 6,733.25.
On Thursday, the Dow industrials closed 1.7% lower, and the S&P 500 and Nasdaq Composite Index both ended down 1.3%.
That selloff left the three main benchmarks down more than 2% on the week, on track to break a two-week run of gains.