Market Rollercoaster: Dow's Dramatic Swing

In a stunning turn of events, the Dow Jones Industrial Average showcased extreme volatility, initially plummeting 4% before making a remarkable recovery to soar over 850 points, or 2.26%, by 10:19 am ET. This surge was short-lived as the index quickly retreated back into negative territory, shedding 471 points by 10:28 am ET.

Behind the Surge: Tariff Delay Rumors

The brief rally was sparked by rumors of a potential 90-day delay in the imposition of global tariffs, excluding China, as suggested by U.S. officials. However, the optimism faded as CNBC reported no confirmation from the White House, leading to a swift reversal in gains.

Nasdaq and S&P 500 Follow Suit

Following the Dow's lead, the Nasdaq 100 and S&P 500 also experienced significant fluctuations. The Nasdaq 100 peaked at a 3.56% increase, while the S&P 500 jumped 2.43%, only to lose 0.30% and 0.73%, respectively, shortly after.

Currency Watch: Amid the market turmoil, the euro remained stable against the dollar, trading at 1.09683 at 10:16 am ET.