Market Turmoil Follows Trump's Tariff Announcement

In a dramatic start to Thursday's trading session, major US stock indices plunged, reflecting growing investor anxiety over the latest round of reciprocal tariffs imposed by President Donald Trump. The Dow Jones Industrial Average led the declines, dropping a staggering 1,387 points, or 3.30%, by 10:02 am ET.

Nasdaq and S&P 500 Follow Suit

The tech-heavy Nasdaq 100 wasn't spared, witnessing a sharp 3.97% fall at the same time, while the S&P 500 index sank 3.70% shortly after. This widespread sell-off underscores the market's nervousness in the face of escalating trade tensions.

Euro Gains Against the Dollar

Amidst the stock market chaos, the euro strengthened significantly against the dollar, rising 2.16% to $1.10888 by 10:04 am ET. This movement highlights the currency market's reaction to the unfolding economic uncertainties.