US Markets Open Lower Amid Tariff Concerns and Weak Economic Data

Investor confidence took a hit as major US stock indexes opened lower on Wednesday, influenced by President Donald Trump's tariffs, especially those targeting China. Adding to the market's woes, recent data showed a decline in mortgage applications and a drop in industrial production, further dampening spirits.

Indexes and Stocks Performance

The Dow Jones Industrial Average fell by 0.35%, losing 142 points by 9:31 am ET, with Nvidia Corporation leading the downturn with a 6.39% drop. The Nasdaq 100 wasn't spared either, declining by 1.82% or 341 points, while the S&P 500 decreased by 0.96%. Advanced Micro Devices Inc. (ADM) emerged as the worst performer on the latter two indexes, plummeting by 7.08%.

Currency Movements

In currency markets, the euro gained strength against the dollar, rising by 0.76% to $1.13653 at 9:28 am ET.