Market Turmoil Following New Trade Policies

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

Nasdaq and S&P 500 Follow Dow's Lead

The Nasdaq 100 wasn't spared, with a sharp decline of 3.97%, while the S&P 500 also suffered, sinking 3.70% shortly after. This widespread downturn underscores the market's volatile reaction to the escalating trade tensions.

Euro Gains Against the Dollar

Amid the stock market chaos, the euro strengthened by 2.16% against the dollar, trading at $1.10888 by 10:04 am ET. This shift highlights the complex interplay between trade policies, stock market performance, and currency values.