Market Turmoil Follows Historic Losses

Early Friday trading saw US stock futures taking a significant hit, in the wake of Wall Street's most severe downturn since 2020. This dramatic shift was largely attributed to President Donald Trump's announcement of extensive new tariffs, sparking widespread concern among investors.

Futures and Currency Markets React

By 4:33 am ET, Dow futures had plummeted by 406 points, marking a 0.99% decrease. Similarly, S&P 500 and Nasdaq 100 futures weren't spared, experiencing declines of 0.77% and 0.37%, respectively. The currency markets also felt the impact, with the euro dropping 0.44% against the dollar to $1.10033 by 4:28 am ET.