Market Reaction to Canada's Retaliatory Tariffs

Initially, the Dow Jones Industrial Average opened higher on Wednesday, buoyed by a drop in February's inflation rates. However, the mood shifted as Canada announced its decision to impose a 25% tariff on US goods, a direct response to the United States' recent economic measures against its northern neighbor.

Impact on Major Indices

By 10:52 am ET, the Dow had fallen by 0.76%, shedding 300 points. In contrast, the Nasdaq 100 experienced a slight increase of 0.69%, while the S&P 500 remained largely unchanged. The currency market also felt the ripple effects, with the euro decreasing by 0.11% against the dollar, trading at 1.09073.