Market Opens Lower Amid Tariff Tensions

As the United States prepares for the implementation of new tariffs proposed by President Donald Trump, major stock exchanges experienced a downturn at the opening bell on Tuesday. Reports suggest the White House is considering imposing a 20% import levy on a wide range of products, sparking concerns among investors.

Significant Losses Across the Board

The Dow Jones Industrial Average fell by 0.38%, shedding 158 points shortly after opening. Johnson & Johnson led the decline, dropping 3.66% by 9:31 am ET. Similarly, the Nasdaq 100 decreased by 0.48%, with Fortinet witnessing a 1.34% drop a minute later. The S&P 500 wasn't spared, opening 0.36% lower, with Delta Air Lines experiencing a significant 4.43% slump by 9:32 am ET.

Currency Movements

In currency markets, the euro was trading 0.21% lower against the dollar at 9:29 am ET, with an exchange rate of 1.07929.