Market Opens Lower Amid Tariff Concerns

The United States stock markets experienced a significant downturn at the opening on Monday, with the Dow Jones Industrial Average losing 300 points in premarket trading. The Nasdaq 100, in particular, saw a sharp decline of up to 2.48%, marking its lowest point since September. This downturn comes as investors grow increasingly wary with the approach of new tariff measures.

Trump's "Liberation Day" and Its Impact

Attention is sharply focused on the upcoming Wednesday, referred to by President Donald Trump as "Liberation Day," when a 25% tariff on all non-US made cars is set to be implemented. Additionally, Trump has highlighted that reciprocal tariffs will apply to all countries, sparking fears of escalating trade tensions and further market instability.

Detailed Market Performance

By 9:30 am ET, the Dow had dropped by 0.76%, equivalent to 317 points, with Amazon's shares falling by 3.03%. The S&P 500 wasn't spared, decreasing by 1.07%, as Moderna Inc. experienced a steep 8.93% drop. The Nasdaq 100 began the session with a 1.52% loss, which quickly deepened to 2.48%, with Applovin Corporation's shares dipping by 6.01%. Meanwhile, the euro traded 0.12% lower against the dollar, selling for $1.08177 at 9:28 am ET.