US Markets Experience Premarket Slump

Major US equities faced significant declines during Wednesday's premarket trading session. The downturn comes as global investors react to the introduction of sweeping tariffs by President Donald Trump, who has notably declared April 2 as "Liberation Day."

Key Economic Indicators on the Horizon

Amid the market's turbulence, attention is also turning towards upcoming economic data. Today's schedule includes the latest employment figures, mortgage application statistics, and a report on new purchase orders for manufactured goods, all of which could provide further direction for the markets.

Market Performance at a Glance

By 4:25 am ET, the Dow Jones Industrial Average had fallen by 0.28%, with the Nasdaq 100 and the S&P 500 not far behind, dropping 0.43% and 0.37% respectively. Currency markets showed little movement, with the euro trading flat against the dollar at 1.07952.