Market Watch: US Stocks Open Lower

As the trading day began in the United States, stock markets showed a downward trend. Investors are closely watching the implications of the latest tariff announcements by the Trump administration, which have sparked international backlash.

Global Response to US Tariffs

The European Union, Mexico, and Canada have publicly opposed the new US tariffs and are considering retaliatory measures. This development adds another layer of complexity to global trade relations, affecting market sentiments worldwide.

Key Economic Indicators Ahead

Market participants are also bracing for the release of the PCE inflation reading for February, a critical indicator that could influence the Federal Reserve's policy decisions. Additionally, the consumer confidence report for March is eagerly awaited, as it provides insights into the economic outlook of American households.

At 4:28 am ET, the Dow Jones was down by 0.26%, the Nasdaq 100 by 0.65%, and the S&P 500 by 0.48%. Meanwhile, the euro weakened against the dollar, trading 0.17% lower at 1.07817 by 4:29 am ET.