Wall Street appears on track for another day of crushing losses

NEW YORK (AP) — Major U.S. indexes plunged sharply before Friday’s opening bell, then doubled their losses after China matched Trump’s tariffs.

Futures for the S&P 500 fell 3.6% before the bell, while futures for the Dow Jones Industrial Average shed 3.4%, falling below the 40,000 mark. Nasdaq futures tumbled 4%.

That follows Thursday’s wipeout, Wall Street’s worst day in five years.

Markets in Europe were having an even rougher time — by midday Friday, Germany’s DAX had lost 5%, the CAC 40 in Paris slipped 4.2%, and Britain’s FTSE 100 gave up 3.8%.

Oil prices fell as much as 8%.