Market Open Sees Significant Downturn

Major U.S. stock markets opened lower on Monday, with the Dow Jones dropping 300 points in premarket trading. The Nasdaq 100 experienced a sharp decline, falling as much as 2.48%, marking its lowest point since September. Investors are closely watching the situation as March concludes, with particular attention on impending tariff measures.

Upcoming Tariffs Stir Concerns

The administration's plan to impose a 25% tariff on all non-U.S. made cars has raised alarms. President Donald Trump has dubbed the upcoming Wednesday as "Liberation Day," but the announcement of reciprocal tariffs affecting all countries has sparked fears of escalating trade tensions and increased market volatility.

Key Performers and Currency Impact

By 9:30 am ET, the Dow Jones Industrial Average had lost 0.76%, or 317 points, with Amazon's shares falling by 3.03%. The S&P 500 decreased by 1.07%, and Moderna Inc. saw a significant drop of 8.93%. The Nasdaq 100 started the session down 1.52%, later sinking to 2.48% as Applovin Corporation dipped 6.01%. Meanwhile, the euro traded 0.12% lower against the dollar, selling for $1.08177 at 9:28 am ET.