Market Opens with Losses Amid Tariff Tensions

As the clock ticks towards the implementation of new tariffs by US President Donald Trump, major stock exchanges in the United States opened with notable losses on Tuesday. The anticipation of a potential 20% import levy on a wide range of products has sent waves of concern through the market.

Key Indices and Stocks React

The Dow Jones experienced a drop of 0.38%, shedding 158 points at the opening bell. Notably, Johnson & Johnson saw a significant slide of 3.66% by 9:31 am ET. Similarly, the Nasdaq 100 wasn't spared, losing 0.48%, with Fortinet down by 1.34% shortly after. The S&P 500 also started the session on a lower note, trading 0.36% down, as Delta Air Lines plummeted 4.43% by 9:32 am ET.

Currency Movements

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