Market Reaction to Trade Tensions

Following the announcement of countermeasures by China and the European Union in response to President Donald Trump's tariffs, major U.S. stock indexes opened mostly lower on Wednesday. This development has intensified concerns over a potential full-blown trade war.

Trump's Additional Tariff Threats

Amidst the escalating trade tensions, President Trump has hinted at imposing further duties on pharmaceutical companies, adding another layer of uncertainty to the market.

Warnings from Financial Leaders

JPMorgan Chase & Co. CEO Jamie Dimon has voiced concerns that the current tariff policies could lead the United States into a recession, highlighting the potential economic repercussions of these trade disputes.

Market Performance Details

The Dow Jones Industrial Average experienced a significant drop, decreasing by 0.78%, with Johnson & Johnson shares falling by 4.40%. The S&P 500 also saw a decline of 0.41%, notably affected by Bio Techne Corporation's 4.36% drop. In contrast, the Nasdaq 100 remained stable.

On the currency front, the euro strengthened against the dollar, marking a 1.07% increase to $1.10761.