Market Opens Lower Amid Tariff Concerns

Major US stock indexes started the day in negative territory on Wednesday, as investors grappled with the ongoing impact of President Donald Trump's tariffs, especially those targeting China. The uncertainty has cast a shadow over market confidence, leading to a cautious opening.

Economic Indicators Show Decline

Adding to the market's woes, recent data revealed a drop in US mortgage applications and a slight decrease in industrial production for March. These indicators have further dampened the mood among investors, signaling potential challenges ahead for the economy.

Indexes and Stocks Performance

The Dow Jones Industrial Average fell by 0.35%, shedding 142 points, with Nvidia Corporation experiencing a significant drop of 6.39%. The Nasdaq 100 and the S&P 500 also saw declines, with Advanced Micro Devices Inc. (ADM) leading the downturn among the worst performers.

Currency Movements

In currency markets, the euro gained strength against the dollar, rising by 0.76% to trade at $1.13653, reflecting the shifting dynamics in global financial markets.