Market Turbulence Hits Wall Street

On Friday, the United States stock market experienced a significant downturn, with major indices turning red as concerns over tariffs resurfaced. The Dow Jones Industrial Average, Nasdaq 100, and S&P 500 all saw declines, marking a challenging day for investors.

President Donald Trump's remarks about the possibility of imposing reciprocal tariffs as early as today have reignited fears among market participants. This stance, reminiscent of his campaign promises, suggests that the US is ready to match tariffs imposed by its trading partners on American exports with equivalent tariffs on imports.

By 11:23 am ET, the Dow Jones had fallen by 0.45%, or 200 points, while the Nasdaq 100 and S&P 500 dropped by 0.77% and 0.52%, respectively. The euro also weakened against the dollar, trading 0.44% lower at 1.03431 by 11:24 am ET.