Market

Dow Jones Plummets Over 500 Points in Premarket: A Deep Dive into Early Market Turmoil

Early Market Turmoil Hits Major Indices

At 4:04 am ET, the Dow Jones experienced a significant drop, shedding 1.27% or 520 points, signaling a rocky start to the trading day. Shortly after, at 4:05 am ET, the Nasdaq 100 wasn't spared, dropping 2%, while the S&P 500 also saw a decline, slumping 1.63%.

Euro Strengthens Against the Dollar

In currency news, the euro showed strength against the dollar, trading 0.68% higher at 4:06 am ET, with a selling price of 1.10224. This movement adds another layer to the morning's financial narrative.

Stay tuned for more updates as the market continues to react to global financial cues.