Market Turmoil as Dow Jones Swings Dramatically

In a day of dramatic fluctuations, the Dow Jones Industrial Average briefly soared over 850 points, 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.

By 10:19 am ET, the Dow had surged 2.26%, or 856 points, with the Nasdaq 100 and S&P 500 also experiencing significant jumps. However, the rally was short-lived. By 10:28 am ET, the Dow had shed 471 points, and the other indexes also retreated, following reports that the White House was unaware of any such tariff delay.

Euro Holds Steady Against the Dollar

Amid the market's volatility, the euro remained stable against the dollar, trading at 1.09683 at 10:16 am ET.