Dow futures off nearly 500 points as China retaliates on tariffs

U.S. stock-index futures added to sharp losses Monday, pointing to an ugly start for Wall Street, after news reports said China will raise tariffs on some U.S. goods beginning June 1. Futures on the Dow Jones Industrial Average were off 474 points, or 1.8%, at 25,490, after having declined more than 500 points at their low immediately following the reports. S&P 500 futures [esm9] dropped 53.65 points, or 1.9%, to 2,833.25, while Nasdaq-100 futures were off 191.75 points, or 2.5%, at 7,422.50. The S&P 500 and Nasdaq Composite last week posted their biggest weekly declines since December, while the Dow saw its biggest weekly fall since March.

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