Market Reacts to Trump's Tariff Announcement

Early Friday, US stock futures witnessed a significant downturn, with Dow futures dropping 406 points, or 0.99%, by 4:33 am ET. This decline follows the steepest losses on Wall Street since 2020, a direct reaction to President Donald Trump's new tariff plan.

Broader Market Impact

The S&P 500 and Nasdaq 100 futures weren't spared, declining by 0.77% and 0.37%, respectively. Meanwhile, in the currency markets, the euro fell by 0.44% against the dollar, trading at $1.10033 at 4:28 am ET.