U.S. Index Futures Off Lows Amid U.S., China War of Words

U.S. equity futures pared losses after tumbling Thursday evening in New York as President Donald Trump ordered the U.S. Trade Representative to consider an additional $100 billion in tariffs on Chinese products. China said in response that it would counter U.S. protectionism “to the end, and at any cost.”

S&P 500 Index futures fell as much as 1.6 percent, before trimming the drop to 0.7 percent. Futures contracts on the Dow Jones tumbled 1.9 percent and Nasdaq declined as much as 1.7 percent, before staging partial rallies.