Stock Markets Tumble as Trade War Fears Intensify

On Easter Monday, the U.S. stock markets witnessed significant losses, driven by growing concerns over President Donald Trump's latest trade policies. The Dow Jones Industrial Average saw a dramatic drop of 2.81%, or 1,100 points, by 11:49 am ET. Similarly, the Nasdaq 100 and the S&P 500 experienced steep declines of 3.14% and 2.95%, respectively.

U.S.-Mexico Trade Talks Hit a Snag

Adding to the market's unease, Mexican President Claudia Sheinbaum confirmed that negotiations with the U.S. have not yet yielded a final agreement. This development has further fueled investor anxiety, contributing to the day's market volatility.

Euro Gains Against the Dollar

Amid the turmoil, the euro strengthened by 1.15% against the dollar, trading at $1.15036 by 11:50 am ET. This shift highlights the broader financial market reactions to the ongoing trade uncertainties.