Market Reacts to New Tariffs

On Monday, the US stock market experienced a significant downturn following President Donald Trump's announcement of new tariffs on imports from Canada, Mexico, and China. The decision has raised concerns among investors about the potential impact on inflation and economic growth.

Stock Indexes Decline

The Dow Jones Industrial Average fell by 0.27%, with Apple Inc. seeing a notable decline of 3.39%. The Nasdaq 100 wasn't spared, dropping 0.84%, led by PDD Holdings which plummeted by 5.92%. The S&P 500 also decreased by 0.76%, with Moderna Inc. experiencing a sharp fall of 6.99%.

Currency Market Impact

In the currency markets, the euro weakened against the dollar, trading down by 0.75% at 3:58 pm ET, with a selling price of $1.02963.