Market Reactions to Trump's Tariffs

As President Donald Trump's approval of tariffs on steel and aluminum imports takes effect, major markets on Wall Street have opened lower. Investors are closely monitoring the situation, awaiting earnings reports from major companies to gauge the economic impact of these developments.

Earnings Reports in Focus

After the market closes, all eyes will be on DoorDash, Lyft, and AIG as they report their latest earnings. Meanwhile, Coca-Cola has already announced a 6% year-on-year revenue increase to $11.5 billion for the fourth quarter of fiscal 2024, setting a positive tone amidst market uncertainties.

Market Performance

The Dow Jones fell by 0.28%, with Amgen shares dropping 1.81%. The Nasdaq 100 saw a 0.48% decrease, highlighted by Marriott International's 3.54% fall. The S&P 500 wasn't spared, declining 0.30% as Fidelity National Information Services experienced a significant 12.48% loss. On a brighter note, the euro gained 0.24% against the dollar, trading at 1.03305.