On Sunday, global financial markets became the epicenter of turmoil. Major US futures entered the new trading week with a significant slump, signaling growing investor concerns about the economy's future. The steep decline in S&P 500, Dow, and Nasdaq futures drew particular attention, triggered by the escalation of trade tensions between the US and key partners.

Recent data on U.S. stock futures indicates a continued downturn. According to Odaily, Nasdaq $^NDX futures have dropped by 2%, S&P 500 $^SPX futures are down 1.66%, and Dow Jones Industrial Average $^DJI futures have fallen 1.4%. This trend raises concerns among analysts and traders, who are keen to understand the factors behind this decline and its potential impact on future market dynamics.