Market Turmoil as US Futures Slide

Major US stock indices continued their decline on Thursday, influenced by the latest trade balance data and jobless claims reports. This downturn compounds the market's reaction to President Donald Trump's announcement of sweeping tariffs on imported goods.

Impact on Major Indices

The Dow Jones Industrial Average dropped by 2.88%, or 1217 points, while the Nasdaq 100 and S&P 500 saw declines of 4.17% and 3.60% respectively by 8:41 am ET. Concurrently, the euro strengthened against the US dollar, trading 2.14% higher at 1.10850.