Market Turmoil as Dow Jones Takes a Nosedive

Investor anxiety over the latest reciprocal tariffs imposed by President Donald Trump sent major U.S. stock markets plunging into the red at Thursday's opening bell. The Dow Jones Industrial Average suffered a dramatic drop, falling 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 3.97% plunge at the same time, while the S&P 500 sank 3.70% a minute later. The market's reaction highlights growing concerns over the impact of trade policies on the economy.

Euro Strengthens Against the Dollar

Amid the market chaos, the euro gained strength against the dollar, rising 2.16% to $1.10888 by 10:04 am ET, signaling a shift in investor confidence towards European markets.