Market Volatility: Dow's Dramatic Swing

In a day of extreme volatility, the Dow Jones Industrial Average briefly soared over 850 points, erasing earlier losses, only to fall back into negative territory. This dramatic swing came amid rumors of a potential 90-day delay in global tariff impositions, excluding China, which initially sparked optimism among investors.

Quick Reversal of Fortunes

By 10:19 am ET, the Dow had surged 2.26%, or 856 points, with the Nasdaq 100 and S&P 500 also seeing significant gains. However, this optimism was short-lived as the indexes quickly retreated, with the Dow shedding 471 points by 10:28 am ET, highlighting the market's uncertainty.

Currency Markets Remain Stable

Amid the stock market's turmoil, the euro remained stable against the dollar, trading at 1.09683 at 10:16 am ET, indicating a calmer foreign exchange market compared to the equities' rollercoaster.