Wall Street's Rocky Start

Investors' brief relief from the Trump administration's decision to temporarily delay some tariffs quickly faded, leading to a significant downturn in the stock market. The Dow Jones Industrial Average took a sharp dive, losing over 500 points shortly after opening. This dramatic drop reflects the ongoing anxiety over the global economic outlook.

Tech and Energy Sectors Hit Hard

Among the hardest hit was the tech sector, with Nvidia and Mongo DB experiencing significant losses. The energy sector also felt the pressure, contributing to the overall market slump. The S&P 500 and Nasdaq 100 weren't spared, both opening with notable declines.

Currency Movements

Amidst the market turmoil, the euro saw a slight increase against the dollar, trading 0.26% higher. This movement indicates a complex interplay between currency values and stock market performance during times of economic uncertainty.