US Stocks Open with Significant Losses Amid Trade War Tensions

Today, the US stock markets experienced a sharp decline at the opening bell, as global equities were thrown into turmoil following China's latest tariffs on all US goods. This move by Beijing has heightened fears of a potential recession and the escalating trade conflict between the US and other major economies.

Major Indexes and Stocks Hit Hard

The Dow Jones Industrial Average fell by 2.34%, with Caterpillar leading the losses at a 6.12% drop. Similarly, the Nasdaq 100 and the S&P 500 saw significant declines of 2.65% and 2.4% respectively. HealthCare Technologies was among the hardest hit, tumbling 15.92% on both indexes.

Currency Market Reactions

On the currency front, the euro weakened against the dollar, sliding 0.30% to trade at $1.10208 by 9:28 am ET, reflecting the broader market uncertainty.