Market Turmoil Following New Tariffs

Wall Street faced significant losses at the opening bell on Thursday, as the market reacts to the sweeping new reciprocal tariffs imposed by United States President Donald Trump. The move has sparked widespread concern among investors about the potential economic fallout and the responses from other countries.

Major Indices and Stocks Hit Hard

The Dow Jones Industrial Average nosedived by 2.61%, with Nike leading the plummet at a staggering 12.23% drop. The Nasdaq 100 wasn't spared, plunging 4.12% as Lululemon Athletica saw a 10.07% dive. Similarly, the S&P 500 crashed by 3.37%, with Gardmin Ltd. tumbling 14.88%.

Euro Strengthens Against the Dollar

Amid the market chaos, the euro surged 2.23% against the dollar, trading at $1.10986 by 9:29 am ET, signaling a shift in currency dynamics in response to the tariff announcements.