Market Open Sees Significant Downturn

The United States stock markets experienced a rocky start to the week, with the Dow Jones Industrial Average dropping 300 points in premarket trading and the Nasdaq 100 hitting its lowest point since September, falling by as much as 2.48%. This downturn comes as investors brace for the impact of new tariff measures set to be implemented by the Trump administration.

Investor Anxiety Over Tariff Measures

With the deadline for new tariffs approaching, dubbed "Liberation Day" by President Donald Trump, market volatility is expected to rise. The administration's plan to impose a 25% tariff on all non-US made cars and reciprocal tariffs on all countries has sparked concerns over potential trade tensions.

Detailed Market Performance

At the opening bell, the Dow Jones Industrial Average was down by 0.76%, or 317 points, with Amazon shares falling 3.03%. The S&P 500 saw a decrease of 1.07%, and Moderna Inc. shares plummeted by 8.93%. The Nasdaq 100 started the session with a 1.52% loss, which deepened to 2.48% as Applovin Corporation shares dipped 6.01%. Meanwhile, the euro traded 0.12% lower against the dollar, selling for $1.08177 at 9:28 am ET.