US Markets React to New Tariffs

Following President Donald Trump's announcement of new tariffs on Mexico, Canada, and China, US stock markets opened sharply lower. The Dow Jones plunged 1.22%, the Nasdaq 100 dropped 1.88%, and the S&P 500 lost 1.65%. This move has raised concerns over a potential global trade war.

Impact on Major Companies

Nvidia Corporation saw its shares slip by 4.82%, while MicroStrategy Inc. plummeted 5.61%. Aptiv PLC was among the hardest hit, sinking by 8.90%. Investors are closely watching how these tariffs will affect the global economy and individual sectors.

Currency Markets React

The euro also felt the impact, trading 1.10% lower against the dollar at 9:28 am ET, changing hands at $1.02597. This reflects the broader market uncertainty following the tariff announcements.

Looking Ahead

All eyes are now on Palantir Technologies Inc., which is set to unveil its quarterly financial results after the closing bell. The tech sector, among others, is bracing for potential impacts from the new tariffs.