Nasdaq futures plunge 2.7% as Trump’s trade war rattles markets
Futures tied to the three major US stock indexes are all in the red as traders prepare for a volatile week ahead.
United States stock market futures plummeted after US President Donald Trump’s recently announced trade tariffs on China, Mexico and Canada, while almost half a trillion dollars exited crypto markets over the past 24 hours.
Nasdaq 100 futures slumped on Feb. 3, having fallen almost 2.7%, according to Finviz. Meanwhile, other US equity futures opened down, with the Russell 2000 small-cap US stock market index down 3.2%, the S&P 500 down 2%, and futures tied to the Dow Jones Industrial Average down around 1.5%.
Equity futures are financial contracts that allow investors to speculate on or hedge against the future value of US stock indexes such as the Nasdaq 100, which includes the 100 largest non-financial companies listed on the stock exchange.
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Author: Martin Young
