US Markets React to New Tariffs and Inflation Data

As the sun rose over Wall Street, US stock indexes took a downward turn ahead of Friday's trading session. Investors were closely evaluating the potential impact of new tariffs following President Donald Trump's recent executive order. The order calls for tariffs that match those imposed by Washington's trading partners, sparking concerns over the future of international trade relations.

Adding to the market's unease, January's producer prices rose more than expected, casting a shadow of uncertainty over the inflation outlook. This unexpected increase has left investors and analysts alike pondering the potential implications for the economy and interest rates in the coming months.

Market Performance at a Glance

By 6:29 am ET, the Dow Jones Industrial Average had lost 165 points, marking a 0.37% decline. The Nasdaq 100 and the S&P 500 weren't spared either, with drops of 0.23% and 0.22% respectively. Meanwhile, the euro remained steady against the dollar, trading at 1.04658 at the same time.