Stock Markets React to New Tariffs

Following President Donald Trump's announcement of imposing a 25% tariff on Mexico and Canada, and a 10% tariff on China, major U.S. stock indexes opened sharply lower. The President also hinted at future tariffs on the European Union, sparking fears of a global trade war.

Impact on Major Indexes and Companies

The Dow Jones Industrial Average plunged by 1.22%, or 550 points, at the opening bell. Nvidia Corporation saw a significant drop of 4.82%. The Nasdaq 100 fell by 1.88%, with MicroStrategy Inc. plummeting 5.61%. The S&P 500 lost 1.65%, and Aptiv PLC sank by 8.90%.

Currency Movements

In currency markets, the euro traded 1.10% lower against the dollar at 9:28 am ET, changing hands at $1.02597.