Market Opens Lower Amid Tariff Concerns

Major U.S. stock indexes started the day in the red on Thursday, as investors grappled with the potential repercussions of President Donald Trump's latest tariffs on foreign automobile manufacturers. This development overshadowed the positive news of an upward revision in the fourth-quarter GDP figures.

Indexes and Stocks Performance

The Dow Jones Industrial Average saw a decrease of 0.24%, with Goldman Sachs Group Inc. leading the losses at 2.08% by 9:31 am ET. Similarly, the Nasdaq 100 declined by 0.46%, highlighted by a significant 2.92% drop in Airbnb Inc. shares. The S&P 500 wasn't spared either, falling by 0.33%, as General Motors Company (GM) experienced a sharp 6.52% decline.

Currency Movements

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