Stocks- Dow Futures Slump Over 300 Points as Trade War Continues

The S&P 500 futures were down 30 points or 1.10% to 2,749.25 as of 6:45 AM ET (10:45 GMT) while Dow futures decreased 328 points or 1.31% to 24,688.0. Meanwhile, tech-heavy Nasdaq 100 futures fell 76 points or 1.04% to 7,200.00 Trade tensions between China and the U.S. continued, as the two largest economies in the world faced a tit-for-tat over global trade tariffs. In the latest spat, U.S. President Donald Trump threatened to impose tariffs on another $200 billion of Chinese goods "if China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced," the president said.