At around 6 a.m. ET, Dow futures indicated a negative open of more than 250 points. Futures on the S&P and Nasdaq were both also seen lower.
Late Wednesday, two separate media reports suggested the U.S. administration was considering restricting Hikvision — a Chinese surveillance equipment provider — from buying U.S. components. The move would mark another escalation in already fraught ties between Washington and Beijing.
The U.S. and China have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.
New home sales for April and Kansas City Fed survey data for May are both scheduled for release later in the session.
In corporate news, Medtronic, Royal Bank of Canada, and Best Buy are among some of the companies set to report their latest quarterly results before the opening bell.
Autodesk, Hewlett Packard, and Intuit are all set to report their latest figures after market close.