Market Reaction to Potential Auto Tariffs

Major U.S. stock markets experienced a downturn on Wednesday, with significant losses in the tech sector. Investors are on edge as they await President Donald Trump's announcement regarding new tariffs on vehicle imports, expected to take effect by April 2.

Index Performance Highlights

The Dow Jones Industrial Average saw a modest decline of 0.31%, while the Nasdaq 100 and the S&P 500 faced steeper drops of 1.83% and 1.12%, respectively.

Currency Movements

Amid the market volatility, the euro weakened against the dollar, trading at $1.07516, down by 0.37% at 3:59 pm ET.

Stay tuned for further updates on this developing story.