Market Reacts to Trump's Tariff Announcement

On Monday, the US stock market experienced a significant downturn after President Donald Trump announced new tariffs on imports from Canada, Mexico, and China. The announcement led to an immediate sell-off, with major indexes closing lower.

Investors are concerned about the potential impact of these tariffs on inflation and economic growth. Analysts warn that prolonged tariffs could negatively affect corporate earnings and valuations, leading to further market instability.

Impact on Major Indexes and Stocks

The Dow Jones Industrial Average fell by 0.27%, with Apple Inc. experiencing a significant drop of 3.39%. The Nasdaq 100 wasn't spared, declining by 0.84%, with PDD Holdings leading the losses by decreasing 5.92%. The S&P 500 also saw a decline of 0.76%, with Moderna Inc. dropping by 6.99%.

Currency Market Reaction

In the currency market, the euro's value against the dollar decreased by 0.75%, trading at $1.02963 at 3:58 pm ET. This movement reflects the broader financial market's reaction to the new tariffs and the uncertainty they bring.