Wall Street Faces Steep Declines

Investors on Wall Street were met with significant losses as the market session on Friday saw the Dow Jones Industrial Average dropping sharply by 400 points. This downturn reflects growing concerns over the latest economic data and the impending implementation of new tariffs next week.

Economic Indicators Stir Market Volatility

The release of the March consumer confidence report showed a noticeable decline, adding to the market's unease. Meanwhile, the personal consumption expenditures (PCE) price index remained steady, failing to alleviate investor worries about inflation.

Market Performance at a Glance

By 10:19 am ET, the Dow Jones had lost 0.96%, the Nasdaq 100 declined by 1.49%, and the S&P 500 fell by 1.12%. In currency markets, the euro gained 0.25% against the dollar, trading at 1.08271 by 10:30 am ET.