Market Opening Sees Dow Jones, Nasdaq, and S&P 500 in the Red

Following China's decision to increase tariffs on U.S. goods from 84% to 125%, major Wall Street stock markets opened lower on Friday. This move comes as a direct response to U.S. President Donald Trump's earlier decision to raise tariffs on Chinese imports to a cumulative rate of 145%.

Investor Sentiment Shaken by Latest Economic Indicators

Investors were also digesting the latest report on U.S. producer prices, which saw a decrease of 0.4% in March, adding to the market's unease.

Notable Stock Movements

At the opening bell, the Dow Jones Industrial Average dropped by 0.36%, with Walt Disney shares falling sharply by 6.79%. The Nasdaq 100 and the S&P 500 also declined by 0.19% and 0.20% respectively, with Texas Instruments Incorporated experiencing a significant loss of 8.05%.

Currency Market Update

In currency markets, the euro traded at 1.76% against the U.S. dollar, selling for $1.13960 at 9:29 am ET.