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8/5, 10:53 AM (Source: TeleTrader)
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US stocks plunge in premarket trading, Dow slides 300 pts

United States stocks traded deeply in the negative territory during the Monday's premarket session, after the fears of the global trade war were reignite during the previous week. US President Donald Trump sparked a global stock selloff after he announced his plans for tariffing the remaining goods from China over his dissatisfaction with the outcome of the latest trade talks with Beijing. During the weekend, Berkshire Hathaway reported somewhat underwhelming financial results for the second quarter of 2019, while the data for the US manufacturing and business activity will be available shortly after the markets open.

The Dow Jones Industrial Average was losing more than 300 points or 1.21% at 4:50 am ET. The Nasdaq 100 slid 1.62% before the opening bell, while the S&P 500 decreased by 1.28% in premarket trading. The euro was 0.33% in the green compared to the dollar, selling for $1.1146 at 4:51 am ET.

Breaking the News / MA