U.S. stock index futures were sharply lower Monday morning, as market participants monitor an intensifying trade dispute between the world’s two largest economies.
At around 03:40 a.m. ET, Dow futures slipped 179 points, indicating a negative open of more than 181 points. Futures on the S&P and Nasdaq were both seen slightly lower.
Market focus is largely attuned to global trade developments, amid growing fears that Washington’s latest tariff threats against Mexico could tip the global economy into a recession.
Tensions between the U.S. and China escalated over the weekend, as the two countries clashed over trade, technology and security issues.