As the new month begins, stock futures have started to slide significantly due to escalating trade tensions between the U.S. and China. Dow, S&P 500, and Nasdaq futures are all showing declines, with investors expressing concerns over the deteriorating trade relationship. China has condemned the U.S. for undermining a previous trade truce, prompting fears of a renewed tech war as President Trump extends restrictions on technology transfers to China. Economic data and comments from Federal Reserve officials are also anticipated, which could further impact market sentiment. Overall, the increasing apprehension regarding trade could siphon investor confidence and lead to continued volatility in the stock markets.