Market Opens Lower Amid Tariff Concerns

Major US stock indexes opened lower on Thursday, as traders weighed the potential impact of President Donald Trump's latest tariffs on foreign automobile businesses. This development overshadowed the positive news of an upward revision in the country's fourth-quarter GDP.

Indexes and Stocks Performance

The Dow Jones Industrial Average decreased by 0.24%, with Goldman Sachs Group Inc. losing 2.08% by 9:31 am ET. Similarly, the Nasdaq 100 declined by 0.46%, and Airbnb Inc. saw a significant plunge of 2.92%. The S&P 500 wasn't spared either, dropping by 0.33%, as General Motors Company (GM) took a notable hit, decreasing by 6.52%.

Currency Movements

In currency news, the euro gained 0.24% against the dollar, trading at $1.07806 by 9:28 am ET.