Market Opens Lower as Tariffs and Data Take Center Stage

On Wednesday, the US stock market saw a downward trend at the opening bell, influenced by ongoing concerns over President Donald Trump's tariffs, especially those targeting China. This has significantly dampened investor confidence across the board.

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, further unsettling investors.

Indexes and Stocks Performance

The Dow Jones Industrial Average fell by 0.35%, shedding 142 points, with Nvidia Corporation leading the losses by dropping 6.39%. The Nasdaq 100 and S&P 500 weren't spared either, declining by 1.82% and 0.96% respectively. Advanced Micro Devices Inc. (ADM) was among the hardest hit, plummeting by 7.08%.

Currency Movements

In currency news, the euro gained 0.76% against the dollar, trading at $1.13653, indicating a shift in forex market dynamics amidst the current economic climate.