Market Volatility Highlights Trading Session

In a dramatic turn of events, the Dow Jones Industrial Average briefly soared over 850 points, erasing early session losses, only to retreat back into negative territory. This rollercoaster ride was fueled by rumors of a potential 90-day delay in global tariff impositions, excluding China, as suggested by U.S. officials. However, the optimism was short-lived as doubts emerged about the validity of these claims.

Indexes Reflect Market's Uncertainty

At 10:19 am ET, the Dow Jones was up by 2.26%, or 856 points, showcasing a significant rebound. Similarly, the Nasdaq 100 and the S&P 500 experienced surges of 3.56% and 2.43%, respectively. Yet, by 10:28 am ET, the gains were wiped out, with the Dow Jones falling by 1.20%, the Nasdaq 100 by 0.30%, and the S&P 500 by 0.73%, highlighting the market's volatile nature.

Currency Market Remains Steady

Amidst the stock market's fluctuations, the euro remained stable against the dollar, trading at 1.09683 at 10:16 am ET, indicating a momentary calm in the currency markets.