Market Plunge Amid Renewed Tariff Concerns

On Friday, the U.S. stock market experienced a significant downturn, with major indices turning red after a flat start. The market's mood soured as fears of reciprocal tariffs intensified, following comments from President Donald Trump indicating that such measures could be imminent.

Impact on Major Indices

The Dow Jones Industrial Average fell by 0.45%, shedding 200 points by 11:23 am ET. Similarly, the Nasdaq 100 and the S&P 500 weren't spared, dropping 0.77% and 0.52%, respectively. This market movement reflects growing investor anxiety over potential trade barriers.

Euro Takes a Hit

Amidst the market turmoil, the euro also felt the pressure, trading 0.44% lower against the dollar at 11:24 am ET, with the exchange rate standing at 1.03431. This shift underscores the broader implications of trade tensions on global currencies.