Market Turbulence Hits Wall Street

On a day that began with a semblance of stability, Wall Street quickly turned red as fears of new tariffs loomed large. The Dow Jones Industrial Average saw a sharp decline, dropping 200 points, amidst growing concerns over trade policies.

Trump's Tariff Announcement Sparks Concern

President Donald Trump's indication of imposing reciprocal tariffs as early as today has sent ripples through the market. This move, reminiscent of his campaign promises, aims to counter tariffs placed by US trading partners on American exports.

Market Indices Take a Hit

By 11:23 am ET, the Dow Jones had fallen by 0.45%, while the Nasdaq 100 and the S&P 500 were not far behind, losing 0.77% and 0.52% respectively. The euro also saw a decline, trading 0.44% below the dollar at 11:24 am ET.