Reported about 6 hours ago
U.S. futures and oil prices dropped sharply as China reacted to new U.S. tariffs, signaling a resurgence in trade tensions between the two largest economies. The S&P 500 futures fell 0.2% and the Nasdaq 100 contracts dropped 0.3%, reversing earlier gains fueled by hopes for a trade resolution. China's investigation into Google and implementation of tariffs on U.S. goods were seen as retaliatory measures, which increased market volatility and uncertainty regarding the economic implications of the renewed tariff conflict.
Source: YAHOO