U.S. Stock Futures Fall as Trade-War Escalation Fuels Worries
Pedestrians pass in front of the New York Stock Exchange (NYSE) in New York, on May 24.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
U.S. stock-index futures extended their losses after further escalation in trade tensions fueled investors’ angst, and China’s government blamed America for the latest collapse in trade talks.
Contracts on the S&P 500 Index fell as much as 0.8% after Beijing released a white paper on Sunday saying the escalating trade war between the world’s two largest economies hasn’t “made America great again” -- appropriating President Donald Trump’s 2016 campaign slogan. Futures on the Nasdaq 100 and the Dow Jones Industrial Average both declined as much as 0.9%.