The U.S. Stock futures tumbled on Thursday as the investors are waiting for the release of the economic and earnings data.
Futures for the Nasdaq opened lower at 7886.47. S&P dropped to 2859.58 and Dow also plunged at 25,714.86.
There has been no greater development at the meeting between the U.S and China related to the trade war. The United States has levied a tariff of 25% on another $16 billion Chinese goods. In return, China has also adopted a tit-for-tat policy where it has also slapped a tariff of 25% on the U.S goods.
It seems that the trade war between the two nations is likely to escalate further and affect global growth.