US STOCKS SNAPSHOT-Futures drop further after Trump recommends steep tariffs on European Union

Reuters05-23

May 23 (Reuters) - U.S. stock index futures moved sharply lower on Friday after U.S. President Donald Trump recommended steep 50% tariffs on the European Union, starting June 1.

At 07:49 a.m. ET, Dow E-minis YMcv1 were down 505 points, or 1.2%, S&P 500 E-minis EScv1 were down 73.5 points, or 1.25%, and Nasdaq 100 E-minis NQcv1 were down 308.75 points, or 1.46%.

(Reporting by Shashwat Chauhan in Bengaluru; Editing by Pooja Desai)

((Shashwat.Chauhan@thomsonreuters.com;))

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