Market Turmoil Amid Tariff Tensions

As the sun rose over Wall Street, the US stock market faced a downturn, with the Dow Jones Industrial Average plummeting by 165 points, reflecting a 0.37% drop. This decline came in the wake of President Donald Trump's executive order for reciprocal tariffs, mirroring those imposed by trading partners, casting a shadow of uncertainty over the market's future.

Inflation Worries Add to Market's Woes

Adding to the market's distress, January's producer prices surged more than anticipated, further muddying the waters of the inflation outlook. The Nasdaq 100 and S&P 500 weren't spared, with drops of 0.23% and 0.22%, respectively. Amidst this financial storm, the euro remained steady against the dollar, trading at 1.04658.