Market Turmoil Amid Tariff Announcements and Inflation Data

As the U.S. stock market opened on Friday, investors were greeted with a downturn across major indices. This shift comes in the wake of President Donald Trump's recent executive order aimed at imposing reciprocal tariffs, a move that has stirred uncertainty among traders and investors alike. Adding to the market's unease, January's producer prices surged beyond expectations, casting a shadow over the inflation outlook.

By 6:29 am ET, the Dow Jones Industrial Average had plummeted by 0.37%, shedding 165 points, while the Nasdaq 100 and the S&P 500 also experienced declines of 0.23% and 0.22%, respectively. Meanwhile, the euro remained steady against the dollar, exchanging at 1.04658 at the same time.