FX.co ★ US Futures Slip as Trade War Volatility Lingers

U.S. stock futures experienced a downturn on Friday, closing out a volatile week marked by significant market fluctuations due to ongoing trade uncertainties. Thursday saw major indices take a sharp dive: the Dow fell by 2.5%, the S&P 500 decreased by 3.46%, and the Nasdaq Composite dropped by 4.31%, wiping out much of the gains from Wednesday’s remarkable rally. That increase had been spurred by President Trump’s announcement of a 90-day suspension on tariffs for most countries. However, growing apprehensions over intensifying trade tensions between the United States and China soon eroded investor confidence. The White House confirmed that overall tariffs on Chinese imports have risen to 145%, indicating a worsening trade conflict between Washington and Beijing. Looking forward, investors are closely monitoring the upcoming U.S. consumer sentiment data and the quarterly earnings reports from major financial institutions such as JPMorgan Chase, Morgan Stanley, Wells Fargo, and BlackRock.