United States stock futures traded in the red on Monday following the Easter break. President Donald Trump's trade policies were still weighing on the markets as Federal Reserve Bank of Chicago President Austan Goolsbee warned that current economic activity may be "artificially high" and could significantly decrease in the coming months due to tariffs. Additionally, China warned that it will retaliate against countries that decide to reduce trade links to Beijing after US pressure.
The Dow Jones futures sank by 1.08% or 429 points at 4:40 am ET. At the same time, the Nasdaq 100 futures dropped by 1.34%, and the S&P 500 futures declined by 1.28%.
The euro gained 1.49% compared to the dollar, changing hands at $1.15624 at 4:51 am ET.
