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

Following China's decision to increase tariffs on US goods from 84% to 125%, Wall Street's major indices opened lower. This move was a direct response to the US's earlier hike in tariffs on Chinese imports to a cumulative rate of 145%.

Investor Sentiment Affected by Producer Prices Report

Adding to the market's unease, the latest report on US producer prices showed a 0.4% decrease in March, further influencing investor decisions at the opening bell.

Notable Stock Movements

At 9:30 am ET, the Dow Jones Industrial Average was down by 0.36%, with Walt Disney shares falling sharply by 6.79%. Similarly, the Nasdaq 100 and S&P 500 saw declines of 0.19% and 0.20% respectively, as Texas Instruments Incorporated experienced an 8.05% drop at 9:31 am ET on both indexes.

Currency Fluctuations

Meanwhile, the euro traded at 1.76% against the US dollar, selling for $1.13960 at 9:29 am ET, reflecting the broader market reactions to the ongoing trade tensions.