Market Opens Lower Amid Tariff Concerns

Major US stock indexes experienced a downturn at Thursday's opening, as investors grappled with the implications of President Donald Trump's latest tariffs on foreign automobile businesses. This development overshadowed the positive news of an upward revision in the US fourth-quarter GDP.

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%, and Airbnb Inc. took a significant hit, plunging by 2.92%. The S&P 500 wasn't spared either, dropping by 0.33%, as General Motors Company (GM) faced a sharp decline of 6.52%.

Currency Fluctuations

Amid these market movements, the euro gained 0.24% against the dollar, trading at $1.07806 by 9:28 am ET.