Market Turmoil as US Futures Slide

Following the release of the latest trade balance and jobless claims data, major US stock indices continued their decline on Thursday. This downturn was further exacerbated by President Donald Trump's announcement of new tariffs on imported goods, sending shockwaves through the markets.

Impact on Major Indices

The Dow Jones Industrial Average plummeted by 2.88%, losing 1217 points, while the Nasdaq 100 and S&P 500 also saw significant drops of 4.17% and 3.60% respectively by 8:41 am ET. Concurrently, the euro strengthened against the dollar, trading 2.14% higher at 1.10850.

Underlying Causes

The market's violent reaction was a result of competing factors: the immediate effects of the tariff announcements and the mixed signals from economic data. Investors are now closely monitoring the situation for signs of stabilization or further volatility.