US Stock Futures Drop. Nasdaq Futures Slide 1%; S&P Futures Sink 0.75%; Dow Jones Futures Fall 0.62%

US stock futures continued to drop on Monday. Nasdaq futures slid 1%; S&P futures dropped 0.75%; Dow Jones futures slid 0.62%.

Uncertainty over what would happen to trade deals negotiated with the US, after the Supreme Court restrained President Donald Trump’s tariff powers, unsettled markets.

Bullion climbed as much as 1.3% to above $5,170 an ounce. Trump said Saturday he would impose a global tariff of 15% to preserve protective trade measures after the Supreme Court ruled against his use of emergency powers to set reciprocal duties. A weakening of the dollar following the decision is making the metal cheaper for many buyers.

The court ruling has cast doubt over deals the US has negotiated with major trading partners. The European Parliament’s trade chief said he’ll propose delaying ratification of an agreement with Washington until there’s more clarity, Indian officials will postpone a trip to the US, while a member of Japan’s ruling party called the situation a “a real mess.”