U.S. Futures Fall With Global Stocks as Trade Anxiety Surfaces

A four-day, 81-point rally in the S&P 500 lost steam Wednesday, pausing on the eve of one of the best earnings seasons in a decade, as investors got a reminder that the trade war still exists.

Futures on the equity benchmark were down 0.9 percent as of 04:00 a.m. in New York after earlier falling as much as 1.1 percent. Dow Jones Industrial Average contracts declined as much as 1.3 percent after the Trump administration released a new list of Chinese products that may face tariffs. European equities fell after the open, ending six days of gains, led lower by basic resources. Steelmakers and tech firms, among the sectors most hit by the trade spat so far, were deep in red.