US Markets Experience Premarket Downturn

Major U.S. equities faced significant losses during Wednesday's premarket trading session. The downturn comes as global investors react to the impending implementation of sweeping tariffs announced by President Donald Trump, who has proclaimed April 2 as "Liberation Day."

Key Economic Indicators on the Horizon

Investors are also keeping a close eye on upcoming economic data, including employment figures, mortgage applications, and new purchase orders for manufactured goods in the U.S. These reports are expected to provide further insights into the health of the economy amidst the current market volatility.

Market Performance at a Glance

By 4:25 am ET, the Dow Jones Industrial Average had fallen by 0.28%, while the Nasdaq 100 and the S&P 500 saw declines of 0.43% and 0.37%, respectively. Currency markets remained relatively stable, with the euro trading flat against the dollar at 1.07952.