Market Opens Lower Amid Tariff Concerns

As the United States prepares for the implementation of new tariffs by President Donald Trump, major stock exchanges opened with notable losses on Tuesday. Reports suggest the White House is considering a significant 20% import levy on a wide range of products, adding to market uncertainties.

Key Indexes Show Early Declines

The Dow Jones experienced a drop of 0.38%, shedding 158 points at the opening bell. Johnson & Johnson saw a sharp decline of 3.66% by 9:31 am ET. Similarly, the Nasdaq 100 decreased by 0.48%, with Fortinet down 1.34% shortly after. The S&P 500 wasn't spared, opening 0.36% lower, as Delta Air Lines plummeted 4.43% by 9:32 am ET.

Currency Movements

In currency markets, the euro was trading 0.21% lower against the dollar at 9:29 am ET, with an exchange rate of 1.07929.