US stock futures plunged Sunday evening after two sessions of sell-offs that wiped away over $5.4 trillion in market value.
Dow futures were down 1,250 points, or 3.3%.
S&P 500 futures fell 3.7%, while Nasdaq futures tumbled 4.6%.
The price of US oil fell more than 3%, sinking below $60 a barrel for the first time since April 2021.
The massive declines in futures follow the worst two-day stretch for stocks in five years – since the pandemic.
China retaliated fiercely Friday, imposing a 34% tariff on all US goods, raising fears of an escalating and damaging trade war.
“But I can tell you, our country has gotten a lot stronger, and eventually it’ll be a country like no other.”. »