US Markets React to Trade Disputes and Tech Earnings

On a tense Thursday, the US stock market saw significant declines as investors grappled with the implications of President Donald Trump's latest tariff policies on global trade. The tech sector, in particular, felt the pressure following Adobe Inc.'s disappointing quarterly earnings report.

The Dow Jones Industrial Average took a hit, dropping by 1.30%, or 536 points. Similarly, the Nasdaq 100 and the S&P 500 weren't spared, with losses of 1.89% and 1.39%, respectively. Amidst these market movements, the euro also weakened against the dollar, trading at $1.083499 by late afternoon.

As the markets continue to navigate through these uncertain times, all eyes are on the ongoing trade negotiations and their potential impact on global economic stability.