Market Reaction to China's Tariff Hike

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

Investor Sentiment and Economic Indicators

Investors also reacted to the latest US producer prices report, which showed a 0.4% decrease in March, adding to the market's volatility.

Notable Stock Movements

At the opening bell, the Dow Jones Industrial Average fell by 0.36%, with Walt Disney shares dropping sharply by 6.79%. Similarly, the Nasdaq 100 and S&P 500 saw declines, impacted by significant losses in Texas Instruments Incorporated.

Currency Fluctuations

The euro experienced a notable shift, trading 1.76% against the US dollar, reaching $1.13960 in early trading.