India, Feb. 3 -- Following the downturn seen over the course of the previous session, stocks are likely to see continued weakness in early trading on Monday. The major index futures are currently pointing to a sharply lower open for the markets, with the S&P 500 futures down by 1.6 percent.
Concerns about a global trade war are likely to weigh on Wall Street after President Donald Trump officially imposed a 25 percent tariff on imports from Canada and Mexico and a 10 percent tariff on imports from China.
A statement from the White House said Trump is taking "bold action to hold Mexico, Canada, and China accountable to their promises of halting illegal immigration and stopping poisonous fentanyl and other drugs from flowing into our countr...