Dow futures point to a 300-point drop after Trump warns China against retaliating in trade war [View all]

[brooklynite]

CNBC

U.S. stock futures pointed to sharp losses on Monday as President Donald Trump ratcheted up pressure against China, intensifying the trade war between the world’s largest economies.

As of 8:09 a.m. ET, Dow Jones Industrial Average futures indicated a drop of about 350 points — 1.3% — at the open. S&P 500 futures pointed to a loss of 1.5% while Nasdaq 100 futures indicated a drop of 2%.

Trade bellwethers Caterpillar and Boeing fell more than 1% each while Apple dropped more than 2.5%.

Asian markets fell broadly. The Nikkei 225 index declined 0.7% Monday while the Shanghai Composite pulled back 1.2%. European stocks also dropped. The Stoxx 600 index fell 0.5% while the German Dax dipped 0.7%.