Wall Street futures sank on Monday as building deflationary pressures in China added to growth worries from a lacklustre U.S. economy and an escalating global trade war.
Big tech stocks dropped in premarket trading. Tesla and Super Micro Computer fell about 3%; Palantir, Marvell Technology, Micron, ASML, Nvidia, Broadcom, and Arm fell 2%; Meta, Netflix, Amazon, AMD, and Alphabet fell 1%.