Wall Street Sees Red as Dow Jones Drops 200 Points

On Friday, the United States' major stock exchanges shifted into the red following a mostly flat start to the session. The downturn was fueled by renewed fears over tariffs, with reports indicating that US President Donald Trump may impose reciprocal tariffs on trading partners as early as today. This move aligns with his campaign promise to match tariffs imposed on American exports with equivalent tariffs on imports.

Market Reaction: By 11:23 am ET, the Dow Jones Industrial Average had fallen by 0.45%, or 200 points. Similarly, the Nasdaq 100 and the S&P 500 experienced declines of 0.77% and 0.52%, respectively.

Currency Impact: The euro also felt the pressure, trading 0.44% lower against the dollar at 11:24 am ET, with an exchange rate of 1.03431.