U.S. stock futures plummeted on Sunday evening as the Trump administration showed no signs of backing off from a wide-ranging plan to impose tariffs.

Wall Street's rout looks set to continue this week as stock index futures plunged as they opened for trading on Sunday. Growth stocks are tumbling again with Nasdaq 100 futures (US100:IND) (NASDAQ:QQQ) down -5%.

U.S. stock futures opened sharply lower late on Sunday, suggesting a continuation of the two-day selloff that wiped trillions from equity values after the Trump administration's tariffs announcement last week.

Wall Street stock futures opened sharply lower on Sunday suggesting a rough start to the trading week as investors worried that a global trade war could push the U.S. economy into a recession after President Donald Trump's announcement last week of sweeping tariffs against U.

US equity futures plunged, putting the S&P 500 on track for a bear market as the Trump administration dug in on a trade war economists warn will tip the world’s largest economy into recession.

US stock futures opened sharply lower late on Sunday, suggesting a continuation of the two-day selloff that wiped trillions from equity values after the Trump administration’s tariffs

US stock futures declined sharply Sunday evening after two sessions of selloffs that wiped away over $5.4 trillion in market value.

Futures linked to indices on Wall Street have tanked on Sunday evening, pointing to further price damage after a two-day sell-off wiped out over $5 trillion in investor wealth. Lack of clarity and defiance from the Trump administration on tariffs have dented investor sentiment further.