Stock Market Takes a Hit

Wall Street experienced a significant downturn on Thursday, with the Dow Jones Industrial Average dropping over 420 points. This decline comes as trade tensions between the United States and the European Union intensify, further exacerbated by President Donald Trump's tariff policies.

Market Indices and Currency Impact

By 11:42 am ET, the Dow Jones had fallen by 1.05%, or 434 points, while the Nasdaq 100 and the S&P 500 also saw declines of 1.64% and 1.12%, respectively. Concurrently, the euro weakened against the dollar, trading at $1.08661 by 11:47 am ET, marking a 0.21% decrease.