Market Turmoil: Dow Drops Amid Tariff Tensions

On a tense Friday, the United States stock market witnessed significant losses, with the Dow Jones Industrial Average plummeting by 200 points. This downturn came after the market opened mostly flat, as investors grappled with renewed fears over tariffs. US President Donald Trump hinted at the possibility of imposing reciprocal tariffs on trading partners, reigniting concerns over a potential trade war.

By 11:23 am ET, the Dow Jones had fallen by 0.45%, reflecting the market's jittery response to the tariff threats. Similarly, the Nasdaq 100 and the S&P 500 weren't spared, with losses of 0.77% and 0.52% respectively. Amidst this financial turbulence, the euro also weakened against the dollar, trading 0.44% lower at 1.03431 by 11:24 am ET.