US Markets Experience Premarket Decline Amid Tariff Announcements

Major US equities faced a sharp downturn during Wednesday's premarket trading session. The focus was squarely on the sweeping tariffs introduced by President Donald Trump, who proclaimed April 2 as "Liberation Day." This move has left investors and global markets on edge, anticipating the potential impacts on trade and economic relations.

Key Economic Indicators to Watch

Amid the market's nervousness, attention also turns to crucial economic data set to be released. Today's schedule includes the latest figures on employment, mortgage applications, and new purchase orders for manufactured goods in the United States. These indicators are pivotal for gauging the health of the US economy amidst current uncertainties.

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. Concurrently, the euro remained stable against the dollar, trading at 1.07952.