Market Turmoil Continues

Major US stocks faced a steep decline on Thursday, as the latest trade balance and jobless claims data added to the market's volatility. This comes in the wake of President Donald Trump's announcement of sweeping tariffs on imported goods, which has already shaken investor confidence.

Impact on Key Indices

The Dow Jones Industrial Average plummeted by 2.88%, losing 1217 points, while the Nasdaq 100 and the S&P 500 saw declines of 4.17% and 3.60%, respectively, by 8:41 am ET. Meanwhile, the euro surged 2.14% against the dollar, trading at 1.10850 shortly after.