Wall Street Sees Red Amid Tariff Tensions

On a tense Friday, Wall Street shifted from a flat start to significant losses as fears over new tariffs intensified. According to Reuters, US President Donald Trump hinted at the possibility of imposing reciprocal tariffs on trading partners, a move that has investors on edge.

Market Reaction

By 11:23 am ET, the Dow Jones had fallen by 0.45%, shedding 200 points. The Nasdaq 100 and the S&P 500 weren't spared, dropping by 0.77% and 0.52% respectively. Meanwhile, the euro dipped 0.44% against the dollar, trading at 1.03431 by 11:24 am ET.

Economic Implications

This downturn reflects growing concerns over the potential impact of tariffs on the US economy and its trading relationships. Investors are closely watching for any developments that could signal further economic instability.