Market Turmoil as Dow Jones Sheds 520 Points

In a dramatic turn of events, the Dow Jones Industrial Average plummeted by 1.27%, losing 520 points in early trading. This downturn comes on the heels of a previous day's rally, sparked by President Donald Trump's announcement to delay reciprocal tariffs for most countries.

Nasdaq and S&P 500 Follow Suit

The Nasdaq 100 wasn't spared, dropping 2%, while the S&P 500 saw a significant slump of 1.63%. The market's volatility underscores the ongoing uncertainty surrounding US-China trade relations.

China Accuses US of Weaponizing Tariffs

Amidst the market's fluctuations, tensions between Washington and Beijing continue to escalate. China has openly criticized the US for employing tariffs as a strategic weapon, further complicating the path to resolution.

Meanwhile, the euro gained ground against the dollar, trading 0.68% higher at 1.10224, offering a glimmer of stability in the forex market.