Market Meltdown: Dow Dives Deep as Tariff Fears Escalate

In a dramatic start to Thursday's trading session, major U.S. stock markets plunged into the red, rattled by ongoing investor anxiety over the latest round of reciprocal tariffs announced by President Donald Trump. The Dow Jones Industrial Average took a nosedive, shedding 3.30% or a staggering 1,387 points by 10:02 am ET.

Tech and Broad Market Suffer Heavy Losses

The Nasdaq 100 wasn't spared, plummeting 3.97%, while the S&P 500 followed suit with a 3.70% drop just a minute later. The financial turmoil underscored the market's vulnerability to policy shocks and the escalating trade tensions.

Euro Strengthens Against the Dollar

Amid the chaos, the euro surged, gaining 2.16% against the dollar to trade at $1.10888 by 10:04 am ET, signaling a flight to safety among currency traders.