Market Downturn as Tariffs Loom

Major U.S. equities experienced significant declines during Wednesday’s premarket trading session. Investors worldwide are on edge as they await the implementation of broad tariffs announced by President Donald Trump, who has proclaimed April 2 as "Liberation Day."

Economic Indicators in Focus

Amid the market's downturn, attention is also turning to key economic data releases. Today's schedule includes updates on employment figures, mortgage applications, and new purchase orders for manufactured goods, which could provide further direction for the markets.

Index Performance Snapshot

At 4:25 am ET, the Dow Jones Industrial Average was down by 0.28%, the Nasdaq 100 fell 0.43%, and the S&P 500 dropped 0.37%. Shortly after, the euro remained stable against the dollar, trading at 1.07952.