Market Reacts to Trump's Trade Policy Comments

In a volatile premarket session, U.S. equities took a significant hit following President Donald Trump's latest comments on trade policies, particularly targeting Canada. Trump criticized Canada's tariff policies and hinted at additional measures, causing unease among investors.

Dow Jones Industrial Average Takes a Hit

The Dow Jones Industrial Average saw a sharp decline, dropping by 0.63% or 270 points at 4:30 am ET, after a brief plunge of over 300 points earlier. Similarly, the Nasdaq 100 and the S&P 500 experienced notable declines, falling by 0.95% and 0.82%, respectively.

Euro Weakens Against the Dollar

Amid the market turmoil, the euro also weakened against the dollar, dropping by 0.27% to $1.08169 at 4:29 am ET.