US STOCKS-Futures slide as Trump threatens new tariffs on China

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* Futures down: Dow 1.73%, S&P 1.85%, Nasdaq 2.31%

By C Nivedita
May 1 (Reuters) - U.S. stock index futures slid on Friday
after President Donald Trump threatened to slap new tariffs on
China over the coronavirus crisis, while Apple and Amazon became
the latest companies to warn of more pain in the future.
Trump said late on Thursday his trade deal with China was
now of secondary importance to the pandemic, as his
administration crafted retaliatory measures over the outbreak.
The threat pulled attention back to the trade war between
the world's two largest economies that has kept global financial
markets on tenterhooks for nearly two years.
Also weighing on sentiment was a 2.6% fall in Apple Inc
AAPL.O shares in premarket trading after the company said it
was impossible to forecast overall results for the current
quarter, even as it reported upbeat quarterly results.
Amazon.com Inc shares AMZN.O tumbled 5% after the company
said it could post its first quarterly loss in five years as it
was spending at least $4 billion in response to the coronavirus
pandemic. Wall Street fell on Thursday as grim economic data and mixed
earnings prompted investors to take profits at the end of the
S&P 500's best month in 33 years, a remarkable run driven by
hopes of reopening the economy from crushing virus-induced
restrictions.
Markets will also keep a close eye on the ISM's purchasing
managers index (PMI) data, due at 10:00 a.m. ET.
The report comes a day after data showed U.S. initial
jobless claims totalled 3.84 million for the week ended April 25
and personal spending tumbled 7.5% in March, the biggest decline
on record.
Meanwhile, oil majors Chevron Corp CVX.N and Exxon Mobil
Corp XOM.N are expected to post their first-quarter earnings
later in the day.
At 06:26 a.m. EDT, Dow e-minis 1YMcv1 were down 418
points, or 1.73%, S&P 500 e-minis EScv1 were down 53.75
points, or 1.85% and Nasdaq 100 e-minis NQcv1 were down 207.25
points, or 2.31%
SPDR S&P 500 ETFs SPY.P were down 1.82%
The S&P 500 index .SPX closed down 0.92% at 2,912.43​ on
Thursday.