Market Turmoil as Trade War Fears Intensify

On Easter Monday, the United States stock market witnessed significant downturns, with major indexes plummeting as investors grew increasingly anxious over President Donald Trump's latest trade policies. The absence of a conclusive agreement between the U.S. and Mexico, as confirmed by Mexican President Claudia Sheinbaum, further fueled market uncertainties.

Indexes Suffer Heavy Losses

By 11:49 am ET, the Dow Jones Industrial Average had suffered a dramatic drop of 2.81%, losing 1,100 points. The Nasdaq 100 wasn't spared, with a 3.14% decline, shedding 572 points, while the S&P 500 decreased by 2.95%, losing 155 points.

Euro Gains Against Dollar

Amidst the market chaos, the euro experienced a notable rise against the dollar, increasing by 1.15% to $1.15036 by 11:50 am ET.