Market Opens Lower Amid Tariff Concerns

Wall Street experienced a downturn at the opening bell on Tuesday, as the market reacted to President Donald Trump's recent approval of tariffs on steel and aluminum imports. Investors are closely monitoring the situation, balancing their concerns with anticipation for upcoming earnings reports from major companies.

Earnings Reports in Focus

After the market closes, all eyes will be on DoorDash, Lyft, and AIG as they release their latest earnings results. Meanwhile, Coca-Cola has already reported a 6% year-on-year increase in revenue for the fourth quarter of fiscal 2024, reaching $11.5 billion.

Stock Movements

The Dow Jones Industrial Average saw a 0.28% drop, with Amgen shares falling by 1.81%. The Nasdaq 100 wasn't spared, dropping 0.48% as Marriott International shares decreased by 3.54%. Similarly, the S&P 500 declined by 0.30%, with Fidelity National Information Services experiencing a significant 12.48% drop. On a brighter note, the euro gained 0.24% against the dollar, trading at 1.03305.